Table 15-11  The following table shows quantity, price, and marginal cost information for a monopoly:  Output  Price  MC 0  $10  -- 1 $9  $3 2  $8  $4 3  $7  $5 4 $6  $6 5 $5  $7 6 $4  $8 17. Refer to Table 15-11. What would be the firm’s marginal revenue at the profit-maximizing level of output?  $7  $6  $5  $1

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Table 15-11 

The following table shows quantity, price, and marginal cost information for a monopoly

Output 

Price 

MC

$10 

--

1

$9 

$3

$8 

$4

$7 

$5

4

$6 

$6

5

$5 

$7

6

$4 

$8

17. Refer to Table 15-11. What would be the firm’s marginal revenue at the profit-maximizing level of output? 

  1. $7 
  2. $6 
  3. $5 
  4. $1
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