A monopolist is producing a level of output at which price is $65, marginal reve

Question

A monopolist is producing a level of output at which price is $65, marginal revenue is $35,average total cost is $35, and marginal cost is $50. In order to maximize profit,the firm should Question options: 1) keep output the same. 2) produce less. 3) produce more. 4) decrease price. 5) both c and d
A monopolist is producing a level of output at which price is $65, marginal revenue is $35,average total cost is $35, and marginal cost is $50. In order to maximize profit,the firm should Question options: 1) keep output the same. 2) produce less. 3) produce more. 4) decrease price. 5) both c and d

Explanation / Answer

in monopoly for max profit marginal revenue should be equal to avg total cost .. here both are same hence output should be remained same

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