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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.
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
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