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8 -… Show more Price – Quantity – Marginal Cost $12 – 1,00

Paper help Economics 8 -… Show more Price – Quantity – Marginal Cost $12 – 1,00

Economics

8 -… Show more Price – Quantity – Marginal Cost $12 – 1,00

8 -… Show more Price – Quantity – Marginal Cost $12 – 1,000 – $3 11 – 2,000 – 4 10 – 3,000 – 5 9 – 4,000 – 6 8 – 5,000 – 7 7 – 6,000 – 8 19.What is the profit-maximizing output level for the monopoly firm described in the table above if the firm is earning a positive economic profit? a.2,000 units b.3,000 units c.4,000 units d.5,000 units e.None of the above. 20.What price will be charged by the profit-maximizing firm described in the table above if the firm is earning a positive economic profit? a.$8 b.$9 c.$10 d.$11 e.$12 Based on my understanding, you make the most profit when you sell a quanitity of 4,000. That being said I thought 19 was C and 20 was B. Any thoughts? • Show less

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