Reference: Ref 13-2 (Table: Profit-Maximizing Monopolist) Refer to the table. When this monopolist sells 8 units, its average cost and marginal cost levels are:
A) $2.63 and $2 respectively.
B) $2.56 and $4 respectively.
C) $2.56 and $2 respectively.
D) $2.63 and $4 respectively.

Question

Reference: Ref 13-2 (Table: Profit-Maximizing Monopolist) Refer to the table. When this monopolist sells 8 units, its average cost and marginal cost levels are:
A) $2.63 and $2 respectively. 
B) $2.56 and $4 respectively. 
C) $2.56 and $2 respectively. 
D) $2.63 and $4 respectively.

Quizplus · Accepted Answer

The Answer of   Reference: Ref 13-2 (Table: Profit-Maximizing Monopolist) Refer to the table. When this monopolist sells 8 units, its average cost and marginal cost levels are:
A) $2.63 and $2 respectively. 
B) $2.56 and $4 respectively. 
C) $2.56 and $2 respectively. 
D) $2.63 and $4 respectively.

Reference: Ref 13-2 (Table: Profit-Maximizing Monopolist) Refer to the Table