Table 7.2-Monopoly costs and revenue
-In Table 7.2,at the profit-maximizing rate of output,marginal revenue is:
A) $20.
B) $40.
C) $60.
D) $80.

Question

Table 7.2-Monopoly costs and revenue 
-In Table 7.2,at the profit-maximizing rate of output,marginal revenue is:
A) $20. 
B) $40. 
C) $60. 
D) $80.

Quizplus · Accepted Answer

At the profit-maximizing rate of output, marginal revenue equals marginal cost. Without seeing Table 7.2, we can't determine the exact figures, but the principle of profit maximization in economics states that firms will produce at a level where MR (marginal revenue) equals MC (marginal cost). Therefore, the correct answer would depend on the specific data provided in Table 7.2, which isn't available here. However, if the question implies that $60 is the marginal revenue at the profit-maximizing output, then that would be the correct choice based on standard economic theory.

Table 7.2-Monopoly Costs and Revenue