The Table Given Below Shows the Prices Charged and Marginal

question 82

Multiple Choice

The table given below shows the prices charged and marginal cost incurred by a monopolist for different units of output.Table 11.3

-What price will the profit-maximizing firm, described in Table 11.3 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

---

Definitions:

Romantic

Pertaining to, characterized by, or given to the expression of love and affection.

Mentally Rotate

The cognitive ability to imagine how an object would look if rotated in space, a key skill in spatial visualization.

Spatial Intelligence

The ability to visualize, manipulate, and reason with objects in three-dimensional space.

School Setting

A school setting is the environment in which formal education takes place, including the physical classrooms, the teaching methods, social interactions, and the culture of the institution.