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Use the following to answer question:
Figure: The Profit-Maximizing Output and Price Use the following to answer question: Figure: The Profit-Maximizing Output and Price   -(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Assume there are no fixed costs and AC = MC.At the profit-maximizing quantity of production for the monopolist,total revenue is _____,total cost is _____,and profit is _____. A) $600;$200;$400 B) $1,600;$3,200;$1,600 C) $4,800;$3,200;$1,600 D) $4,800;$1,600;$3,200
-(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Assume there are no fixed costs and AC = MC.At the profit-maximizing quantity of production for the monopolist,total revenue is _____,total cost is _____,and profit is _____.


A) $600;$200;$400
B) $1,600;$3,200;$1,600
C) $4,800;$3,200;$1,600
D) $4,800;$1,600;$3,200

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