Figure 7.3:
-In Figure 7.3,profit per unit for a profit-maximizing monopolist is:
A) $3.
B) $6.
C) $7.
D) $9.

Name: Figure 7.3: -In Figure 7.3,profit per unit for a profit-maximizing monopolist is: A) $3. B) $6. C) $7. D) $9.
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Question

Figure 7.3: 
-In Figure 7.3,profit per unit for a profit-maximizing monopolist is:
A) $3. 
B) $6. 
C) $7. 
D) $9.

Quizplus · Accepted Answer

The profit per unit for a profit-maximizing monopolist is calculated as the difference between the price and the average total cost. If the figure shows a price of $9 and an average total cost of $6, the profit per unit would be $3.

Figure 7.3: -In Figure 7.3,profit Per Unit for a Profit-Maximizing Monopolist Is