Answer to Question #49424 in Microeconomics for John

Question

If the uniform price of a monopolist’s good is $50 per unit and its marginal cost is $25, then:
to maximize profit the firm should increase output
to maximize profit the firm should decrease output
to maximize profit the firm should continue to produce the output it is producing
there is not enough information to determine whether output should be changed or remain constant to maximize profit

Answer 1

there is not enough information to determine whether output should be changed or remain constant to maximize profit