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

question 42

Multiple Choice

Table 13.1
$\begin{array}{|c|c|c|}\hline \text { Price per Unit } & \begin{array}{c}\text { Quantity } \\\text { Demanded } \\\text { (units) }\end{array} & \begin{array}{c}\text { Total Cost of } \\\text { Production } \\\text { (dollars) }\end{array} \\\hline \$ 85 & 10 & \$ 530 \\\hline 80 & 11 & 540 \\\hline 75 & 12 & 550 \\\hline 70 & 13 & 560 \\\hline 65 & 14 & 575 \\\hline 60 & 15 & 595 \\\hline 55 & 16 & 625 \\\hline\end{array}$
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?

• A)P = $85; Q = 10
• B)P = $80; Q = 11
• C)P = $70; Q = 13
• D)P = $65; Q = 14

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Definitions:

Predict

To predict means to declare or indicate in advance; especially, to foretell on the basis of observation, experience, or scientific reason.

Control

The power to influence or direct people's behavior or the course of events, or in experiments, the standard conditions that do not change.

Automobile Advertisements

Marketing efforts aimed at promoting and selling cars, focusing on features, price, and appeal to potential buyers.

Flooding

A form of behavior therapy based on the principles of exposure, where an individual is exposed to an overwhelming amount of an anxiety-producing stimulus in order to reduce the fear response.