Refer to the Information Provided in Table 13 -Refer to Table 13

question 64

Multiple Choice

Refer to the information provided in Table 13.2 below to answer the question(s) that follow.
Table 13.2
$$\begin{array} { | c | c | } \hline \text { Price (\$) } & \text { Quantity } \\\hline 10.00 & 1 \\\hline 9.00 & 2 \\\hline 8.00 & 3 \\\hline 7.00 & 4 \\\hline 6.00 & 5 \\\hline 5.00 & 6 \\\hline 4.00 & 7 \\\hline\end{array}$$
-Refer to Table 13.2. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $2 per unit of providing the product, then the monopoly maximizes its profits by charging ________ per unit and selling ________ units of output.

• A) $6; 5
• B) $7; 4
• C) $5; 6
• D) $8; 3

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Definitions:

E-Learning

Learning supported by the Web; can be performed inside traditional classrooms or in virtual classrooms.

Distance Learning

A method of education where teachers and students are not physically present in the same location, leveraging technologies like the internet for interaction.

Download Speed

The rate at which data is transferred from the internet to the user's computer or device, typically measured in megabits per second (Mbps).

MANs

Metropolitan Area Networks, a network that spans a physical area larger than a LAN but smaller than a WAN, such as a city or campus.