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Homework answers / question archive / Suppose that a pure monopolist can sell 15 units of output at $6 per unit and 16 units at $5

Suppose that a pure monopolist can sell 15 units of output at $6 per unit and 16 units at $5

Economics

Suppose that a pure monopolist can sell 15 units of output at $6 per unit and 16 units at $5.70 per unit. For the monopolist to profitably produce and sell the sixteen unit of output, its marginal cost must be anywhere at or below:

1) 5.70

2) 1.20

3) 1.80

4) 6

 

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