Narrbegin Exhibit 8 -Refer to Exhibit 8

Narrbegin Exhibit 8.5 Demand and cost data for a monopolist
$\begin{array}{|c|c|c|c|c|c|}\hline \text { Price } & \text { Quantity } & \text { TR } & \text { MR } & \mathrm{TC} & \text { Profi } \\\hline \$ 10 & 1 & 10 & 10 & 4 & \\\hline 9 & 2 & & & 8 & \\\hline 8 & 3 & & & 12 & \\\hline 7 & 4 & & & 16 & \\\hline 6 & 5 & & & 20 & \\\hline 5 & 6 & & & 24 & \\\hline 4 & 7 & & & 28 & \\\hline 3 & 8 & & & 32 & \\\hline 2 & 9 & & & 36 & \\\hline 1 & 10 & & & 40 & \\\hline\end{array}$
-Refer to Exhibit 8.5. The demand schedule and cost schedule for a monopolist are provided. Which output level maximises profit?

A) 2.
B) 4.
C) 5.
D) 6.

Correct Answer:

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