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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How do you do number 3
Transcribed Image Text: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
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