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If the firm’s marginal cost per customer is $30, and the firm wants to follow the profit-maximizing rule, what would be the firm’s quantity of customers and price charged per customer? Click or tap a choice to answer the question. The quantity of customers is 3000, and the price is $70. The quantity of customers is 3000, and the price is $30. The quantity of customers is 4000, and the price is $60. The quantity of customers is 4000, and the price is $30.

Respuesta :

Answer:

The quantity of customers is 4000, and the price is $30.

Explanation:

Assumed that the table is provided depicting the pricing and revenue structure.

Now, that the profit is maximized for monopoly when the Marginal Revenue = Marginal Cost.

That is when additional cost is recovered from additional revenue.

Here, when 4,000 customers are their then Marginal Revenue for each 1,000 customers = $30,000

Thus, marginal revenue for each customer = $30,000/1,000 = $30 for each customer.

And since the marginal cost is also $30 for each customer:

Maximum profit shall be:

MC $30 = MR $30

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