Use the following to answer question:
Figure: Monopoly Model
-(Figure: Monopoly Model)Use Figure: Monopoly Model.The profit-maximizing quantity is at point:
A)W.
B)J.
C)K.
D)L.

Question

Use the following to answer question:
Figure: Monopoly Model 
-(Figure: Monopoly Model)Use Figure: Monopoly Model.The profit-maximizing quantity is at point:
A)W. 
B)J. 
C)K. 
D)L.

Quizplus · Accepted Answer

In a monopoly model, the profit-maximizing quantity is where marginal cost (MC) equals marginal revenue (MR). Point J is where MC intersects MR, indicating the profit-maximizing quantity.

Use the Following to Answer Question