Refer to the information provided in Table 13.3 below to answer ...

[PhilipSeeMore]

Question 1

Refer to the information provided in Table 13.3 below to answer the question(s) that follow. 






Refer to Table 13.3. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what price should it charge per unit of output so as to maximize its profits?

◦ $2.00
◦ $2.50
◦ $3.00
◦ $3.50

Question 2

Refer to the information provided in Table 13.3 below to answer the question(s) that follow. 






Refer to Table 13.3. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $1 per unit of providing the product, what is the maximum profit the monopoly can earn?

◦ $300
◦ $600
◦ $900
◦ $1,000

[aidanmbrowne]

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[PhilipSeeMore]

TY

[aidanmbrowne]

You're welcome