The monopolist's demand curve is 16. upward sloping. a. perfectly elastic b. perfectly inelastic C. downward sloping. d. Exhibit 23-3 (3) Total Cost $274 $276 $280 (2) Quantity Sold 40 (1) Price S8 $8 41 S8 42 $8 43 $285 $293 $8 58 44 45 $302 $312 $325 S8 46 $8 47 Refer to Exhibit 23-3. What quantity of output should the profit-maximizing firm produce? 17 a. 41 units b. 42 units 44 units C. d. 45 units 46 units Refer to Exhibit 23-3. What is the increase in profit that would result from producing 43 units of 18. the product rather than producing 40 units? $60 a. b. $48 $28 C d. $16 $13 e.