The Table Given Below Shows the Prices Charged and Marginal

The table given below shows the prices charged and marginal cost incurred by a monopolist for different units of the output. Table 10.3
Assume that the firm described in Table 10.2 is incurring a total cost of $7, 000 at the profit-maximizing output level.The firm will

A) lose $10, 000 in the short run.
B) break even.
C) earn a profit of $3, 800.
D) earn a profit of $3, 500.
E) earn a profit of $5, 500.

Correct Answer:

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