Table 14-1

-Refer to Table 14-1.If the monopolist wants to maximize its revenue,how many units of its product should it sell?
A) 4
B) 5
C) 6
D) 8

Question

Table 14-1
 
-Refer to Table 14-1.If the monopolist wants to maximize its revenue,how many units of its product should it sell?
A) 4 
B) 5 
C) 6 
D) 8

Quizplus · Accepted Answer

To maximize revenue, a monopolist should produce and sell the quantity where marginal revenue equals zero. This typically occurs before the point where marginal cost equals marginal revenue, which is the profit-maximizing point. Without the table, we assume that option C (6 units) is the point where revenue is maximized based on typical patterns in such problems.

Table 14-1 -Refer to Table 14-1.If the Monopolist Wants to Maximize Its