Table 15-1 $$\begin{array} { | c | c | c | c | c | }
\hline \text { Quantity } & \begin{array} { c }
\text { Price } \
\text { (Dinar) }
\end{array} & \begin{array} { c }
\text { Total } \
\text { Revenue } \
\text { (Dinar) }
\end{array} & \begin{array} { c }
\text { Average } \
\text { Revenue } \
\text { (Dinar) }
\end{array} & \begin{array} { c }
\text { Marginal } \
\text { Revenue } \
\text { (Dinar) }
\end{array} \
\hline 1 & 35 & 35 & & \
\hline 2 & & 64 & 32 & 29 \
\hline 3 & 29 & & & \
\hline 4 & & & & 17 \
\hline 5 & 23 & & & 11\
\hline 6 & & 120 & & \
\hline 7 & 17 & & & - 1 \
\hline 8 & & & & - 7 \
\hline 9 & & 99 & 11 & - 13\
\hline 10 & & 80 & 8& \
\hline
\end{array}$$
-Refer to Table 15-1.Assume this monopolist's marginal cost is constant at 12 dinar.What quantity of output (Q)will it produce and what price (P)will it charge?
A)Q = 4,P = 29
B)Q = 4,P = 26
C)Q = 5,P = 23
D)Q = 7,P = 17

Question

Table 15-1 $$\begin{array} { | c | c | c | c | c | } 
\hline \text { Quantity } & \begin{array} { c } 
\text { Price } \
\text { (Dinar) }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Revenue } \
\text { (Dinar) }
\end{array} & \begin{array} { c } 
\text { Average } \
\text { Revenue } \
\text { (Dinar) }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { Revenue } \
\text { (Dinar) }
\end{array} \
\hline 1 & 35 & 35 & & \
\hline 2 & & 64 & 32 & 29 \
\hline 3 & 29 & & & \
\hline 4 & & & & 17  \
\hline 5 & 23 & & &  11\
\hline 6 & & 120 & & \
\hline 7 & 17 & & & - 1 \
\hline 8 & & & & - 7 \
\hline 9 & & 99 & 11 & - 13\
\hline 10 & & 80 & 8& \
\hline
\end{array}$$
-Refer to Table 15-1.Assume this monopolist's marginal cost is constant at 12 dinar.What quantity of output (Q)will it produce and what price (P)will it charge?
A)Q = 4,P = 29
B)Q = 4,P = 26
C)Q = 5,P = 23
D)Q = 7,P = 17

Quizplus · Accepted Answer

The Answer of Table 15-1 $$\begin{array} { | c | c | c | c | c | } 
\hline \text { Quantity } & \begin{array} { c } 
\text { Price } \
\text { (Dinar) }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Revenue } \
\text { (Dinar) }
\end{array} & \begin{array} { c } 
\text { Average } \
\text { Revenue } \
\text { (Dinar) }
\end{array} & \begin{array} { c } 
\text { Marginal } \
\text { Revenue } \
\text { (Dinar) }
\end{array} \
\hline 1 & 35 & 35 & & \
\hline 2 & & 64 & 32 & 29 \
\hline 3 & 29 & & & \
\hline 4 & & & & 17  \
\hline 5 & 23 & & &  11\
\hline 6 & & 120 & & \
\hline 7 & 17 & & & - 1 \
\hline 8 & & & & - 7 \
\hline 9 & & 99 & 11 & - 13\
\hline 10 & & 80 & 8& \
\hline
\end{array}$$
-Refer to Table 15-1.Assume this monopolist's marginal cost is constant at 12 dinar.What quantity of output (Q)will it produce and what price (P)will it charge?
A)Q = 4,P = 29
B)Q = 4,P = 26
C)Q = 5,P = 23
D)Q = 7,P = 17

Table 15-1 -Refer to Table 15-1