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Table 131 A Monopoly Producer of Foreign Language Translation Software Faces a \begin{array}{c}
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question 42

Multiple Choice

Table 13.1
 Price per Unit  Quantity  Demanded  (units)   Total Cost of  Production  (dollars)  $8510$530801154075125507013560651457560155955516625\begin{array}{|c|c|c|}\hline \text { Price per Unit } & \begin{array}{c}\text { Quantity } \\\text { Demanded } \\\text { (units) }\end{array} & \begin{array}{c}\text { Total Cost of } \\\text { Production } \\\text { (dollars) }\end{array} \\\hline \$ 85 & 10 & \$ 530 \\\hline 80 & 11 & 540 \\\hline 75 & 12 & 550 \\\hline 70 & 13 & 560 \\\hline 65 & 14 & 575 \\\hline 60 & 15 & 595 \\\hline 55 & 16 & 625 \\\hline\end{array}
A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 13.1.
-Refer to Table 13.1.What is the firm's profit-maximizing output and what is the price charged to sell this output?


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