Homework answers / question archive / Price Quantity Marginal Cost $15 1,000 $3 14 2,000 4 13 3,000 5 12 4,000 6 11 5,000 7 10 6,000 8 18

Price Quantity Marginal Cost $15 1,000 $3 14 2,000 4 13 3,000 5 12 4,000 6 11 5,000 7 10 6,000 8 18

Economics

Share With

---

Price

Quantity

Marginal Cost

$15 1,000 $3

14 2,000 4

13 3,000 5

12 4,000 6

11 5,000 7

10 6,000 8

18.

What is the profit-maximizing output level for the monopoly firm described in

the table above if the firm is earning a positive economic profit?

a.

3,000 units

b.

1,000 units

c.

5,000 units

d.

6,000 units

e.

2,000 units