The Table Given Below Shows the Prices Charged and Marginal

question 38

Multiple Choice

The table given below shows the prices charged and marginal cost incurred by a monopolist for different units of the output. Table 10.3

- What is the profit-maximizing output level for the monopoly firm described in Table 10.3,if the firm is earning a positive economic profit?

• A)1 unit
• B)3 units
• C)5 units
• D)8 units
• E)9 units

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Definitions:

Autoimmune Disease

Disease resulting from a specific immune system reaction against self-antigens.

Articular Cartilage

Smooth, white tissue that covers the ends of bones where they come together to form joints, helping to reduce friction and absorb shock.

Fibrous Capsule

A tough connective tissue layer that encloses organs or joints, providing support and limiting their movement.

Rheumatoid Arthritis

An autoimmune disease that causes chronic inflammation of the joints, leading to pain, swelling, and eventually joint deformity.