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the following table shows the demand curve and cost information for a firm that is a monopoly. price quantity tc $30 0 $500 $25 50 $600 $20 100 $1,350 $15 150 $2,300 $10 200 $3,400 if they maximize their profits, what will their profits equal?

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If the firm that is a monopoly was able to maximize their profit, their profits would equal $900

How to find the profit?

The maximized profit of the monopoly in question would be the highest profit that they can get from the demand and cost information given. The combination that yields the maximum profit is the quantity that the company should produce.

The profit is found by the formula:

= ( Price x Quantity produced ) - Total cost

Quantity of 50 units:

= (25 x 60) - 600

= 1, 500 - 600

= $900

Quantity of 100 units:

= ( 100 x 20) - 1, 350

= 2, 000 - 1, 350

= $650

Quantity of 150 units:

= ( 150 x 15) - 2, 300

= $2, 250 - 2, 300

= - $50

Quantity of 200 units:

= ( 200 x 10) - 3, 400

= 2, 000 - 3, 400

= - $1, 400

The maximized profits would therefore equal $900.

Find out more on maximized profits at https://brainly.com/question/14167604

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