Total Output Price Marginal

question 97

Multiple Choice

Total Output Price Marginal
Revenue
Average
Total Cost
Marginal
Cost
1 $100 $100 $100.00 $30
2 90 80 63.00 26
3 80 60 52.67 32
4 70 40 49.50 40
5 60 20 49.60 50
6 50 0 50.00 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
Refer to the data for a non discriminating monopolist.At its profit-maximizing output, this firm will be operating in the

• A)perfectly elastic portion of its demand curve.
• B)perfectly inelastic portion of its demand curve.
• C)elastic portion of its demand curve.
• D)inelastic portion of its demand curve.