Economics Q72
72A monopolist faces the following demand and cost schedules:
| Output (units) | Price ($/unit) | Total Costs ($) |
| 0 | 5000 | 800 |
| 20 | 4800 | 20800 |
| 40 | 4600 | 64800 |
| 60 | 4400 | 122800 |
| 80 | 4200 | 244800 |
| 100 | 4000 | 350800 |
The optimal output level for this producer is closest to:
- Option : B
- Explanation : The optimal price level is 60 units because it produces the highest profit.
