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Question 171

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Use the following to answer questions: Use the following to answer questions:   -(Table: Demand and Total Cost)  Look at the table Demand and Total Cost. Lenoia runs a natural monopoly producing electricity for a small mountain village. The table shows Lenoia's demand and total cost of producing electricity. The profit-maximizing quantity of electricity for her to produce is _____ megawatts. A)  2 B)  3 C)  4 D)  5
-(Table: Demand and Total Cost) Look at the table Demand and Total Cost. Lenoia runs a natural monopoly producing electricity for a small mountain village. The table shows Lenoia's demand and total cost of producing electricity. The profit-maximizing quantity of electricity for her to produce is _____ megawatts.


A) 2
B) 3
C) 4
D) 5

Correct Answer:

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