2)Lenoia runs a natural monopoly producing electricity for a small mountain vill

Question

2)Lenoia runs a natural monopoly producing electricity for a small mountain village. The accompanying table shows Lenoia's demand and total cost of producing electricity. The maximum profit Lenoia can make is:

$1,800.

$600; 16 units

1)Lenoia runs a natural monopoly producing electricity for a small mountain village. The table shows Lenoia's demand and total cost of producing electricity. The profit-maximizing quantity of electricity for her to produce is: A. 2 megawatts. B. 3 megawatts. C. 4 megawatts. D. 5 megawatts.

Explanation / Answer

1.C 2.A 3.C 4.A 5.A 6.D 7.D 8.B 9.D 10.D

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