Table 15-1 -Refer to Table 15-1

question 22

Multiple Choice

Table 15-1 $$\begin{array} { | c | c | c | c | c | } \hline \text { Quantity } & \begin{array} { c } \text { Price } \\\text { (Dinar) }\end{array} & \begin{array} { c } \text { Total } \\\text { Revenue } \\\text { (Dinar) }\end{array} & \begin{array} { c } \text { Average } \\\text { Revenue } \\\text { (Dinar) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Revenue } \\\text { (Dinar) }\end{array} \\\hline 1 & 35 & 35 & & \\\hline 2 & & 64 & 32 & 29 \\\hline 3 & 29 & & & \\\hline 4 & & & & 17 \\\hline 5 & 23 & & & 11\\\hline 6 & & 120 & & \\\hline 7 & 17 & & & - 1 \\\hline 8 & & & & - 7 \\\hline 9 & & 99 & 11 & - 13\\\hline 10 & & 80 & 8& \\\hline\end{array}$$
-Refer to Table 15-1.Assume this monopolist's marginal cost is constant at 12 dinar.What quantity of output (Q) will it produce and what price (P) will it charge?

• A)Q = 4,P = 29
• B)Q = 4,P = 26
• C)Q = 5,P = 23
• D)Q = 7,P = 17

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Definitions:

Developmental Psychology

The study of how and why human beings change over the course of their life, from infancy through adulthood.

Common Sense

The basic level of practical knowledge and judgment that we all need to help us live in a reasonable and safe way.

Dyadic Relationships

Relationships involving two individuals, often focusing on a particular interaction or bond between them.

Developmental Psychology

This field of psychology studies the changes in human behaviors and thought patterns across the lifespan, from infancy to old age.