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

question 315

Multiple Choice

Refer to the information provided in Table 13.4 below to answer the question(s) that follow.
Table 13.4
$$\begin{array} { | c | c | } \hline \text { Price (\$) } & \text { Quantity } \\\hline 20.00 & 1 \\\hline 18.00 & 2 \\\hline 16.00 & 3 \\\hline 14.00 & 4 \\\hline 12.00 & 5 \\\hline 10.00 & 6 \\\hline 8.00 & 7 \\\hline\end{array}$$
-Refer to Table 13.4. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $12 per unit of providing the product, then the monopoly maximizes its profits by charging ________ per unit and selling ________ units of output.

• A) $12; 5
• B) $14; 4
• C) $10; 6
• D) $16; 3

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Definitions:

Psychological Safety

A condition within a team or organization where individuals feel safe to take interpersonal risks, express their opinions, and be vulnerable without fear of negative consequences.

Social Risks

Risks that stem from changes in societal expectations or norms, affecting an individual's or organization's social standing or operations.

Organizational Citizenship Behaviour

Refers to voluntary actions employees take to help others and benefit the organization, beyond their job requirements.

Low Risk

Describes situations, investments, or actions that have a minimal chance of negative outcome or loss.