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

question 36

Multiple Choice

Refer to the information provided in Table 13.3 below to answer the question(s) that follow.
Table 13.3
$$\begin{array} { | c | c | } \hline \text { Price } ( \$ ) & \text { Quantity } \\\hline 4.00 & 100 \\\hline 3.50 & 200 \\\hline 3.00 & 300 \\\hline 2.50 & 400 \\\hline 2.00 & 500 \\\hline 1.50 & 600 \\\hline 1.00 & 700 \\\hline\end{array}$$
-Refer to Table 13.3. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what is the maximum profit the monopoly can earn?

• A) $300
• B) $600
• C) $900
• D) $1,000

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Definitions:

Ventral Roots

The efferent motor root of a spinal nerve, passing anteriorly from the spinal cord, that carries motor signals from the nervous system to the muscles.

Cervical Region

The part of the spine located in the neck, consisting of seven vertebrae.

Endoneurium

A layer of delicate connective tissue that encloses the myelin sheath of each peripheral nerve fiber, providing support and insulation.

Myelin

A fatty substance that surrounds and insulates the axons of many neurons, enhancing the speed of electrical impulses.