Table 91 a Monopoly Producer of Foreign Language Translation Software

question 91

Multiple Choice

Table 9.1 A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 9.1.
-Refer to Table 9.1.What is the firm's profit-maximising 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:

Absolute Value

The distance of a number from zero on the number line, without considering which direction from zero the number lies.

Sketch Graph

A rough drawing of a graph to represent a mathematical function or equation visually.

Formula

An expression or equation that describes a mathematical relationship between quantities.

Slope Value

It's the calculation of how slanted a line is, determined by dividing the vertical movement by the horizontal movement between any two points on the line.