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26.Refer to the below data for a monopolist. This firm will maximize its profit by producing: A.3 units. B.4 units. C.5 units. D.6 units. Total
26.Refer to the below data for a monopolist. This firm will maximize its profit by producing:
A.3 units.
B.4 units.
C.5 units.
D.6 units.
Total output Price Marginal Revenue Average Total cost Marginal Cost
1 $100 $100 $100 $30
2 90 80 63 26
3 80 60 52.67 32
4 70 40 49.5 40
5 60 20 49.6 50
6 50 0 50 52
7 40 -20 52.29 66
8 30 -40 55.75 80
9 20 -60 60.67 100
10 10 -80 67.60 130
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