Refer to the Table Shown, Which Shows the Demand Schedule

question 36

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 firm were to set the price of computers at $2,000: $\begin{array}{c}\begin{array}{|c|}\hline \text { Price of computers }(\$) \\\hline 5,000 \\\hline 4,000 \\\hline 3,000 \\\hline 2,000 \\\hline 1,000 \\\hline\end{array}\begin{array}{c|}\hline \text { Quantity demanded per year }\\\hline 100 \\\hline 200 \\\hline 300 \\\hline 400 \\\hline 500 \\\hline \end{array}\end{array}$

• A) it would maximize profits.
• B) marginal revenue would be negative.
• C) the demand for computers would be elastic.
• D) marginal revenue would be positive.

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Definitions:

Abandonment

The experience of being left behind or forsaken, often leading to emotional distress or feelings of loneliness.

Threatening Events

Occurrences that pose a danger or harm, causing fear or anxiety and potentially triggering stress responses.

Fear

An unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.

Illness

A state in which a person's physical, mental, or emotional condition is impaired or deteriorating.