Table 10-2 The Government of a Small Developing Country Has Granted Exclusive

question 155

Multiple Choice

Table 10-2
$\begin{array}{|c|c|c|}\hline \begin{array}{c}\text { Quantity per } \\\text { Day (cases) }\end{array} & \begin{array}{c}\text { Price per } \\\text { Case }\end{array} & \text { Total Cost } \\\hline 1 & \$ 16 & \$ 7.00 \\\hline 2 & 15 & 9.50 \\\hline 3 & 14 & 11.00 \\\hline 4 & 13 & 12.00 \\\hline 5 & 12 & 14.50 \\\hline 6 & 11 & 17.50 \\\hline 7 & 10 & 21.00 \\\hline 8 & 9 & 25.00 \\\hline 9 & 8 & 30.00 \\\hline 10 & 7 & 35.50 \\\hline\end{array}$ The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes. Table 10-2 shows the cost and demand data for this government-protected monopolist.
-Refer to Table 10-2.What is the profit-maximizing quantity and price for the monopolist?

• A) Quantity = 8 cases, Price = $9
• B) Quantity = 7 cases, Price = $10
• C) Quantity = 9 cases, Price = $8
• D) Quantity = 10 cases, Price = $7

---

Definitions:

President Of The United States

The head of state and head of government of the United States, responsible for enforcing federal laws and serving as the commander-in-chief of the armed forces.

Economists

Professionals who study the production, distribution, and consumption of goods and services, focusing on how individuals, groups, and societies use their resources to meet their needs and wants.

Production Possibilities Frontier

An outline that conveys the peak output possibilities for two products, relying on a compilation of inputs that incorporate resources and other factors.

Mobile Phones

Portable electronic devices that allow users to make voice calls, send text messages, and access various multimedia and internet services.