Use the Following to Answer Questions: Table: Profit-Maximizing Monopolist -(Table: Profit-Maximizing Monopolist) Refer to the Table

question 72

Multiple Choice

Use the following to answer questions: Table: Profit-Maximizing Monopolist $$\begin{array} { c c c c c c c } \hline \begin{array} { c } \text { Quantity } \\\text { Price (\$) }\end{array} & \begin{array} { c } \text { Total } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Average } \\\text { Cost (\$) }\end{array} & \begin{array} { c } \text { Average } \\\text { Cost (\$) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Revenue (\$) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Cost (\$) }\end{array} & \text { Revenue (\$) } \\\hline 11 & 6 & 17 & & & \\10 & 7 & 19 & & & \\9 & 8 & 21 & & & \\8 & 9 & 23 & & & \\7 & 10 & 25 & & & \\\hline\end{array}$$
-(Table: Profit-Maximizing Monopolist) Refer to the table. The profit-maximizing quantity for this monopolist is ________ units

• A) 7
• B) 8
• C) 9
• D) 10

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