What is the amount of profit that jonathan can maximize

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Jonathan (a monopolist) maximizes profit by producing a quantity of 800 pillows where marginal cost is $2 and average cost is $4. Consumers are willing to pay as high as $10 per pillow when the quantity supplied is 800 pillows. What is the amount of profit that Jonathan can maximize under this condition?

Reference no: EM13199900

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What is the amount of profit that jonathan can maximize : Jonathan (a monopolist) maximizes profit by producing a quantity of 800 pillows where marginal cost is $2 and average cost is $4. Consumers are willing to pay as high as $10 per pillow when the quantity supplied is 800 pillows.

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