Refer to the Table Shown, Which Shows the Demand Schedule

question 221

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.

Acknowledge the effect of emotional states on the listening process.

Recognize the importance of memory and attention in the listening process.

Understand the role of nonverbal cues in communication and their interpretation.

Identify strategies to avoid common listening errors and enhance listening skills.

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Definitions:

Activity-based Costing System

An accounting method that assigns costs to products and services based on the activities and resources that go into creating them, providing more precise costing information.

Making Patterns

The process of creating templates or models to be used in manufacturing or craft projects, ensuring consistency and precision in production.

Product Diversity

Refers to the range of different products or services offered by a company, indicating the variety in a company's offerings.

Direct Labour

The workforce engaged directly in the manufacturing process, whose labor costs can be directly attributed to specific products.