Multiple Choice
Table 8-B
A monopoly producer of canned iced coffee produces with the following costs:
Consumers demand iced coffee according to the following demand schedule:
-Refer to Table 8-B.At the profit-maximizing level of output, the difference between price and marginal cost equals:
A) $1.00.
B) $1.25.
C) $1.50.
D) $2.00.
E) $3.00.
Correct Answer:
Verified
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