Question 1 (1 point)
Table 15-17
Quantity Price
0
$10
1
$9
2
$8
3
$7
4
$6
5
$5
6
$4
7
$3
8
$2
9
10
$1
$0
Refer to Table 15-17. If a monopolist faces a constant marginal cost of $1, how much
output should the firm produce in order to equate
marginal revenue with marginal
cost?
a
3 units
b
6 units
5 units
Od
4 units