Refer to the Table Shown, Which Shows the Demand Schedule

question 135

Multiple Choice

Refer to the table shown, which shows the demand schedule for a firm that has a monopoly on the sale of computers in the country of Oz. If the marginal cost of producing computers is $1,000 no matter how many are produced and the monopolist seeks to maximize profit, it should set the price of computers at: $$\begin{array} { | r | r | } \hline{ \begin{array} { c } \text { Price of } \\\text { computers (\$) }\end{array} } & \text { Quantity demanded per year } \\\hline 5,000 & 100 \\\hline 4,000 & 200 \\\hline 3,000 & 300 \\\hline 2,000 & 400 \\\hline 1,000 & 500 \\\hline\end{array}$$

• A) $1,000.
• B) $2,000.
• C) $3,000.
• D) $4,000.

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