The following table shows the demand facing an unregulated monopolist:

-Refer to the above information to answer this question.At what level of output is total revenue at a maximum and what is the value of total revenue at that output?
A)5 and $250.
B)7 and $280.
C)8 and $280.
D)10 and $250.
E)10 and $500.

Question

The following table shows the demand facing an unregulated monopolist:
 
-Refer to the above information to answer this question.At what level of output is total revenue at a maximum and what is the value of total revenue at that output?
A)5 and $250. 
B)7 and $280. 
C)8 and $280. 
D)10 and $250. 
E)10 and $500.

Quizplus · Accepted Answer

The Answer is C

The Following Table Shows the Demand Facing an Unregulated Monopolist