question archive The following table gives the demand schedule for a monopolist:   Price ($) Quantity Demanded 30 0 26 1 22 2 18 3 14 4 10 5 6 6 The Marginal Cost of Production is constant at $16 per unit

The following table gives the demand schedule for a monopolist:   Price ($) Quantity Demanded 30 0 26 1 22 2 18 3 14 4 10 5 6 6 The Marginal Cost of Production is constant at $16 per unit

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The following table gives the demand schedule for a monopolist:

 

Price ($) Quantity Demanded
30 0
26 1
22 2
18 3
14 4
10 5
6 6

The Marginal Cost of Production is constant at $16 per unit. The profit-maximizing level of output is:

a. 2 units

b. 3 units

c. 4 units

d. 5 units

Option 1

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