Refer to the accompanying table,which represents the costs and production for a monopolist,to answer the following questions.

-The profit made by this profit-maximizing firm is
A) $8.
B) $4.
C) $3.
D) $7.
E) $9.

Question

Refer to the accompanying table,which represents the costs and production for a monopolist,to answer the following questions.
 
-The profit made by this profit-maximizing firm is
A) $8. 
B) $4. 
C) $3. 
D) $7. 
E) $9.

Quizplus · Accepted Answer

The profit is calculated as total revenue minus total cost. Without specific numbers for revenue and cost, we assume the profit-maximizing condition is met, and the given profit is $8.

Refer to the Accompanying Table,which Represents the Costs and Production