To maximize its profit, the monopoly with the TR and TC curves ...

[jasdeep_brar]

To maximize its profit, the monopoly with the TR and TC curves shown in the figure above will produce
 
  A) 0 units of output.
  B) 5 units of output.
  C) 15 units of output.
  D) 20 units of output.

Question 2

The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. What is the efficient quantity of steel?
 
  A) 0 tons
  B) 2 tons
  C) 4 tons
  D) 8 tons

[xthemafja]

Answer to Question 1

C

Answer to Question 2

B

[jasdeep_brar]

TYSM

[jamesnevil303]

Excellent