Figure 7.2:
-In Figure 7.2,at the profit maximizing level of output for a monopolist,marginal cost is:
A) $9.00.
B) $10.00.
C) $10.50.
D) $11.00

Name: Figure 7.2: -In Figure 7.2,at the profit maximizing level of output for a monopolist,marginal cost is: A) $9.00. B) $10.00. C) $10.50. D) $11.00
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Question

Figure 7.2: 
-In Figure 7.2,at the profit maximizing level of output for a monopolist,marginal cost is:
A) $9.00. 
B) $10.00. 
C) $10.50. 
D) $11.00

Quizplus · Accepted Answer

Marginal cost is equal to marginal revenue at the profit-maximizing level of output for a monopolist. In Figure 7.2, marginal revenue is $10.00, so marginal cost must also be $10.00.

Figure 7.2: -In Figure 7.2,at the Profit Maximizing Level of Output for of Output