The figure below shows the cost and revenue curves faced by a monopolist. The profit-maximizing output and price for the monopolist are:
Figure 9.1

A)117 units and $14, respectively.
B)150 units and $22, respectively.
C)150 units and $14, respectively.
D)117 units and $22, respectively.
E)117 units and $24, respectively.

Question

The figure below shows the cost and revenue curves faced by a monopolist. The profit-maximizing output and price for the monopolist are:​ ​
Figure 9.1

A)117 units and $14, respectively. 
B)150 units and $22, respectively. 
C)150 units and $14, respectively. 
D)117 units and $22, respectively. 
E)117 units and $24, respectively.

Quizplus · Accepted Answer

The Answer of The figure below shows the cost and revenue curves faced by a monopolist. The profit-maximizing output and price for the monopolist are:​ ​
Figure 9.1

A)117 units and $14, respectively. 
B)150 units and $22, respectively. 
C)150 units and $14, respectively. 
D)117 units and $22, respectively. 
E)117 units and $24, respectively.

The Figure Below Shows the Cost and Revenue Curves Faced