[Solved] If the Marginal Cost of the 1000th Unit Produced by a Monopolist

Question 47
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If the marginal cost of the 1000th unit produced by a monopolist is $16 and its marginal revenue is $20,what should the monopolist do?

A)Produce more until the marginal profit becomes zero.
B)Produce less since the costs will be less and therefore the profit will be greater.
C)Produce less since it will be able to sell them at a higher price and therefore obtain greater profits.
D)Produce more until the marginal revenue becomes zero.


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