The Table Given Below Shows the Prices Charged and Marginal

question 22

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

---

Definitions:

Short-term Loans

Loans that are scheduled to be repaid in a short period, typically less than a year, used to address immediate financial needs or cash flow issues.