A monopolist has the following fixed and variable costs:
Price Quantity Fixed Cost Variable Cost Total cost Marginal Cost Total Revenue Marginal Revenue
$10 0 $8 $0
8
---
0
---
$9 1 $8 $5
13
1
9
9
$8 2 $8 $8
16
2
16
8
$7 3 $8 $10
18
3
21
7
$6 4 $8 $11
19
4
24
6
$5 5 $8 $13
21
5
25
5
$4 6 $8 $16
24
6
24
4
$3 7 $8 $20
28
7
21
3
$2 8 $8 $25
33
8
16
2
Complete the table. The profit-maximizing monopolist produces a quantity of
