Multiple Choice
(Table: Prices and Demand) Look at the table Prices and Demand.The New Orleans Saints have a monopoly on Saints logo baseball hats.The Saints sell at most one hat to each customer, and the table shows each customer's willingness to pay.The marginal cost of producing a hat is $18.How many hats should the Saints produce, and what price should the organization charge to maximize its profits?
A) 1; $28
B) 2; $26
C) 3; $24
D) 4; $22
Correct Answer:

Verified
Correct Answer:
Verified
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