ToalCost of Price per Quantity Demanded Production (dollars) $530 540 550 560 575 595 625 Unit (units) $85 80 75 70 65 60 10 12 13 14 15 16 A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 15-1. 1) Refer to Table 15-1. What is the marginal revenue from the sale of the 12th unit? A) S75 B) S50 C) S20 D) -S5 2) Refer to Table 15-1. What is the firm's profit-maximizing output and what is the price charged to sell this output? A) P S85: 0 10 B) P-380; Q = 11 C) P S70: Q 13 D)P- S65: 0-14 3) Refer to Table 15-1. What is the amount of the firm's profit? A) S335 B) S350 C) S880 D) $910

ToalCost of Price per Quantity Demanded Production (dollars) $530 540 550 560 575 595 625 Unit (units) $85 80 75 70 65 60 10 12 13 14 15 16 A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 15-1. 1) Refer to Table 15-1. What is the marginal revenue from the sale of the 12th unit? A) S75 B) S50 C) S20 D) -S5 2) Refer to Table 15-1. What is the firm's profit-maximizing output and what is the price charged to sell this output? A) P S85: 0 10 B) P-380; Q = 11 C) P S70: Q 13 D)P- S65: 0-14 3) Refer to Table 15-1. What is the amount of the firm's profit? A) S335 B) S350 C) S880 D) $910

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 19RQ: What are the three problems that economists have noted with regard to command-and-control...

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