The Following Table Shows the Total Revenue and Total Cost

question 107

Multiple Choice

The following table shows the total revenue and total cost for a monopolist at various levels of output.
Table 11-2 $$\begin{array} { | c | c | c | } \hline \text { Output } & \text { Total Revenue } & \text { Total Cost } \\\hline 1 & 12 & 22 \\\hline 2 & 26 & 26 \\\hline 3 & 50 & 32 \\\hline 4 & 58 & 40 \\\hline 5 & 60 & 51 \\\hline 6 & 61 & 66 \\\hline 7 & 58 & 86 \\\hline 8 & 48 & 112 \\\hline 9 & 36 & 142 \\\hline\end{array}$$
-Refer to Table 11-2.The economic profit earned by the firm by producing the profit-maximizing level of output is _____.

• A)$13
• B)$9
• C)$18
• D)$4

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Definitions:

Achievement Motivation

The drive or urge to accomplish goals or attain certain standards of excellence.

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An adjective describing individuals who are romantically or sexually attracted to people of the same sex.

Affiliation Motivation

The drive to relate to people on a social basis and to be accepted into groups.