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:

Rorschach Inkblot

A psychological test in which subjects' perceptions of inkblots are analyzed to identify emotional functioning and detect underlying thought disorder.

Thematic Apperception Test

A projective psychological test that asks respondents to create stories about ambiguous scenes, used to assess their attitudes, thoughts, and feelings.

Morgan And Murray

Pioneers in the field of psychology known for developing the Thematic Apperception Test, which assesses personality.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.