The Table Given Below Shows the Price, Marginal Revenue and Marginal

question 59

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output.The firm does not incur a fixed cost of production. Table 10.4
Refer to Table 10.4.Assuming that the monopolist is maximizing profits, the price the monopolist will charge is _____.

• A)$13.
• B)$14.
• C)$12.
• D)$16.
• E)$15.

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Definitions:

Helping Behaviors

Acts performed with the intention of benefiting or assisting others without necessarily expecting something in return.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth, proposing that species change over time through processes such as natural selection and genetic drift.

Siblings

Brothers or sisters, including those by full blood, half-blood, or through adoption.

Cousins

Relatives with whom one shares a common ancestor, but more distant than a sibling or a direct parent/child relationship.