-The Figure Above Shows the Demand,marginal Revenue,and Marginal Cost Curves

question 26

Multiple Choice

-The figure above shows the demand,marginal revenue,and marginal cost curves for Paul's Parrot pillows,a single-price monopoly producer of pillows stuffed with parrot feathers.When Paul maximizes his profit,the price is ________ per pillow and the marginal cost is ________ per pillow.

• A) $60; $60
• B) $60; $40
• C) $70; $60
• D) $70; $40
• E) $100; $40