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

Question 47

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, his total economic profit is A) $210,000. B) $405. C) $60. D) $0. E) unknown because more information is needed to determine Paul's profit.
-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, his total economic profit is


A) $210,000.
B) $405.
C) $60.
D) $0.
E) unknown because more information is needed to determine Paul's profit.

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