# Refer to figure 15-5. a profit-maximizing monopoly’s profit is equal to

A profit-maximizing monopoly will produce an output level of Q1. Q2. Q3. Q4. Refer to Figure 15-5. A profit-maximizing monopoly will charge a price of P1. P2. P3. P4. Refer to Figure 15-5. A profit-maximizing monopoly’s total revenue is equal to P1 times Q1. P2 times Q3. P3 times Q4. (P2-P4) times Q3. Refer to Figure 15-5. A profit monopoly’s total cost is equal to P2 times Q3. P4 times Q3. P5 times Q3 (P2-P5) times Q3.

Explanation of the graph:
the graph has costs demand curves
A curve sloping upward and cutting average total cost at minimum is
called marginal cost curve
It is curve C
the average total cost curve is Curve D
A demand curve is downward sloping curve, and the marginal revenue
curve is below it, so curve A is a demand curve and curve B is
marginal revenue curve
Q35
Option c
A profit-maximizing monopoly produces at MR=MC
where
Q=Q3
——–
Q36
option b
The firm charges price from the demand curve at the output level
where P=\$P2
———
Q37
Option b
total revenue =P*Q=P2*Q3
==========
Q38
Option C
the average total cost from the ATC curve is P5
total cost =ATC*Q
=P5*Q3

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