Table 81 A Monopoly Producer of Foreign Language Translation Software Faces a |

question 111

Multiple Choice

Table 8.1
$$\begin{array} { | c | c | c | } \hline \text { Price per Unit } & \begin{array} { c } \text { Quantity Demanded } \\\text { (units) }\end{array} & \begin{array} { c } \text { Total Cost of } \\\text { Production } \\\text { (dollars) }\end{array} \\\hline \$ 85 & 10 & \$ 530 \\\hline 80 & 11 & 540 \\\hline 75 & 12 & 550 \\\hline 70 & 13 & 560 \\\hline 65 & 14 & 575 \\\hline 60 & 15 & 595 \\\hline 55 & 16 & 625 \\\hline\end{array}$$ A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 8.1.
-Refer to Table 8.1.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

---

Definitions:

Variety

In economics, it represents the assortment or range of different products, services, or goods available in a market.

Export Products

Goods or services produced in one country and sold to buyers in another country.

Cheaper Elsewhere

A phrase indicating that an item or service can be purchased at a lower cost in a different location or market.

U.S.-produced Goods

Products that are manufactured, created, or assembled within the United States.