-Dee's TV Repair is the only TV repair shop in a small town. Dee is a single- price monopolist. Based on the demand and cost information in the table above, what quantity of TV repairs should Dee undertake?

Question

Quizplus · Accepted Answer

Dee, as a single-price monopolist, will aim to maximize profits by producing at the quantity where marginal revenue (MR) equals marginal costs (MC). Without the specific demand and cost information from the table, we can't calculate the exact quantity. However, given the options and the typical behavior of a monopolist, producing a positive quantity where MR=MC is the most logical choice, making option C (20 per week) the most likely correct answer based on standard economic theory. Monopolists typically do not produce at quantities where they would make a loss (option D) or at the extremes of their capacity unless it maximizes profit, which makes options A and B less likely without specific data.

-Dee's TV Repair Is the Only TV Repair Shop in a Small