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-The Figure Above Shows the Demand, Marginal Revenue and Marginal

Question 134

Multiple Choice

  -The figure above shows the demand, marginal revenue and marginal cost curves for Paul's Parrot pillows, a single-price monopoly producer of pillows stuffed with parrot feathers. When Paul maximises his profit, the price is ________ per pillow and the marginal cost is ________ per pillow. A)  $60; $60 B)  $60; $40 C)  $70; $60 D)  $100; $40 E)  $70; $40
-The figure above shows the demand, marginal revenue and marginal cost curves for Paul's Parrot pillows, a single-price monopoly producer of pillows stuffed with parrot feathers. When Paul maximises his profit, the price is ________ per pillow and the marginal cost is ________ per pillow.


A) $60; $60
B) $60; $40
C) $70; $60
D) $100; $40
E) $70; $40

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