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

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Definitions:

Dehydration

A condition resulting from the excessive loss of body water, disrupting metabolic processes and potentially leading to serious health issues.

Bedpan

A device used for the toileting of a bedridden patient in a lying position, facilitating the collection of urine and feces.

Graduated Container

A container marked with measurements, used to accurately measure and dispense liquids or small granular substances.

Costovertebral Angle

The area on the back formed by the junction of the twelfth rib and the vertebral column, often examined for tenderness in kidney-related conditions.