on-a-monopoly-graph-the-marginal-revenue-and-marginal-cost-curves-intersect-at-a

Question

On a monopoly graph, the marginal revenue and marginal cost curves intersect at a quantity of 200 units. The price is $60, and the average total cost is $45. What is the profit?

Accepted Answer

$3,000

Answer

$2,000

Answer

$4,000

Answer

$1,500

On a monopoly graph, the marginal revenue and marginal cost curves intersect at a quantity of 200 units. The price is \$60, and the average total cost is \$45. What is the profit?