The Table Given Below Shows the Prices Charged and Marginal

question 46

Multiple Choice

The table given below shows the prices charged and marginal cost incurred by a monopolist for different units of the output. Table 10.3

- What price will the profit-maximizing firm described in Table 10.3 charge,if the firm is earning a positive economic profit?

• A)$1,500
• B)$1,400
• C)$1,350
• D)$1,300
• E)$1,550

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Definitions:

Latin American

Pertains to countries in the Americas where Romance languages, primarily Spanish and Portuguese, are spoken.

Accounts Receivable

Amounts owed to a business by customers for goods or services provided on credit.