Refer to the Table Shown, Which Shows the Demand Schedule

question 28

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 monopolist is currently producing 400 computers per year and it seeks to maximize profit, it should: $$\begin{array} { | r | r | } \hline { \begin{array} { c } \text { Price df } \\\text { computer s(t) }\end{array} } & \text { Quantity demanded per year } \\\hline 5,000 & 100 \\\hline 4,000 & 200 \\\hline 3,000 & 300 \\\hline 2,000 & 400 \\\hline 1,000 & 500 \\\hline\end{array}$$

• A) increase output.
• B) decrease output.
• C) continue producing 400 units per year.
• D) lower the price of computers.

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Definitions:

Cash Balance Per Books

The amount of cash according to a company's financial records or accounting books.

Reconciling Information

The process of ensuring that two sets of records or reports (usually financial) are in agreement and accurate.

October Bank Reconciliation

The process of comparing and adjusting the balance of an entity's accounting records for October with the balance reported by the bank.

Cash Balance Per Books

The amount of cash shown in a company’s financial records at a specific point in time, which may differ from the actual cash balance due to outstanding transactions.