Your Food- Services Company Has Been Named as the Sole

Your food- services company has been named as the sole provider of meals at a small university. The cost and demand schedules are: $$\begin{array}{l}\begin{array} { | c | c | c | c | c | } \hline \text { Sold per Day } & \text { Price per Meal } & \begin{array} { c } \text { Total } \\\text { Fixed Cost }\end{array} & \begin{array} { c } \text { Total } \\\text { Variable Cost }\end{array} & \text { Total Revenue } \\\hline 0 & \$ 3.50 & \$ 150 & 0 & 0 \\\hline 100 & \$ 3.25 & \$ 150 & \$ 300 & \$ 325 \\\hline 200 & \$ 3.00 & \$ 150 & \$ 500 & \$ 600 \\\hline 300 & \$ 2.75 & \$ 150 & \$ 650 & \$ 825 \\\hline 400 & \$ 2.50 & \$ 150 & \$ 750 & \$ 1000 \\\hline 500 & \$ 2.25 & \$ 150 & \$ 830 & \$ 1125 \\\hline 600 & \$ 2.00 & \$ 150 & \$ 905 & \$ 1200 \\\hline 700 & \$ 1.75 & \$ 150 & \$ 995 & \$ 1225 \\\hline\end{array}\\\text { TABLE } 10 - 2\end{array}$$
-Refer to Table 10- 2. For a single- price monopolist, the profit- maximizing price and number of meals per day is

A) 500 meals at $2.25 per meal.
B) 300 meals at $2.75 per meal.
C) 600 meals at $2.00 per meal.
D) 700 meals at $1.75 per meal.
E) 400 meals at $2.50 per meal.