The figure below shows the cost and revenue curves for a monopolist. Assume that the monopolist does not shut down production in the short run. The profit-maximizing price and output for this non-price discriminating monopolist are:
Figure 9.4

A)$4 and 7 units, respectively.
B)$3.50 and 10 units, respectively.
C)$2 and 7 units, respectively.
D)$1 and 7 units, respectively.
E)$1 and 10 units, respectively.

Question

The figure below shows the cost and revenue curves for a monopolist. Assume that the monopolist does not shut down production in the short run. The profit-maximizing price and output for this non-price discriminating monopolist are:​ ​
Figure 9.4
​

A)$4 and 7 units, respectively. 
B)$3.50 and 10 units, respectively. 
C)$2 and 7 units, respectively. 
D)$1 and 7 units, respectively. 
E)$1 and 10 units, respectively.

Quizplus · Accepted Answer

The Answer of The figure below shows the cost and revenue curves for a monopolist. Assume that the monopolist does not shut down production in the short run. The profit-maximizing price and output for this non-price discriminating monopolist are:​ ​
Figure 9.4
​

A)$4 and 7 units, respectively. 
B)$3.50 and 10 units, respectively. 
C)$2 and 7 units, respectively. 
D)$1 and 7 units, respectively. 
E)$1 and 10 units, respectively.

The Figure Below Shows the Cost and Revenue Curves for a Monopolist