(Table: Demand and Total Cost for Asgard) Use Table: Demand and Total Cost for Asgard. Valkyrie runs a natural monopoly that produces electricity for a small mountain village near Asgard. The table shows the demand facing Valkyrie and Valkyrie's total costs. To maximize profits, Valkyrie should charge a price of:
A)$350.
B)$400.
C)$450.
D)$500.

Question

(Table: Demand and Total Cost for Asgard) Use Table: Demand and Total Cost for Asgard. Valkyrie runs a natural monopoly that produces electricity for a small mountain village near Asgard. The table shows the demand facing Valkyrie and Valkyrie's total costs. To maximize profits, Valkyrie should charge a price of: 
A)$350. 
B)$400. 
C)$450. 
D)$500.

Quizplus · Accepted Answer

The Answer of (Table: Demand and Total Cost for Asgard) Use Table: Demand and Total Cost for Asgard. Valkyrie runs a natural monopoly that produces electricity for a small mountain village near Asgard. The table shows the demand facing Valkyrie and Valkyrie's total costs. To maximize profits, Valkyrie should charge a price of: 
A)$350. 
B)$400. 
C)$450. 
D)$500.