Question 21 of 40 Sapling Learning Below is a graph of a monopoly. First, move t

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Question 21 of 40 Sapling Learning Below is a graph of a monopoly. First, move the orange point E to indicate the m and quantity the monopoly aperating at a loss. Finally, move the red Loss box to indicate the monopoly's Total Loss. loss minimizing price shift the Average Total Cost (ATC) curve and Average Variable Cost (AVC) curve to show Marginal Cost Average Total Cost Average Variable Cost Marginal Revenue Demand Quantity Previous Check Answer Next Exit Hint bout uscareers privacy po terms of use ntact us hellp

Explanation / Answer

1) Profit maximizing output is at level when MR= MC

i.e. at 12 units of output.

2) at 12 units of output total revenue= 600*12

= 7200$

total cost= 450*12 ( since ATC st 12 units is 450 from graph)

= 5400

so profit= total revenue- total cost

= 7200-5400

= 1800$

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