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-The Figure Above Shows the Demand,marginal Revenue,and Marginal Cost Curves

Question 338

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 maximizes his profit,his total economic profit is A) $60. B) $405. C) $0. D) $210,000. 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 maximizes his profit,his total economic profit is


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

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