What is the monopolists\'s profit under the followingcondition? The profit maxim

Question

What is the monopolists's profit under the followingcondition? The profit maximising price charged for goodsproduced is $14. The intersecion of the marginal revenuecurve and the marginal cost curve occurs where output is 15 unitsand marginal cost is $7. a. $90 b.$105 c.$180 d. Not enough information given to determine the answer What is the monopolists's profit under the followingcondition? The profit maximising price charged for goodsproduced is $14. The intersecion of the marginal revenuecurve and the marginal cost curve occurs where output is 15 unitsand marginal cost is $7. a. $90 b.$105 c.$180 d. Not enough information given to determine the answer

Explanation / Answer

Answer B. $ 105 Explanation Total revenue ( 14*15)      210 Total cost 7 *15                            (105) Profit(TR-TC)                105

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