Question

P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25 $45 $75 $115 $165 Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist? OA, 30 OB, 14 OC. 25 O D. 19
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Answer #1

Option C. As we can see from the below table, that the profit is maximum at Q=25

P

Q

TC

TR

Profit

13

10

15

130

115

12

14

25

168

143

11

19

45

209

164

10

25

75

250

175

9

30

115

270

155

8

35

165

280

115

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