Multiple Choice
The table given below shows the prices charged and marginal cost incurred by a monopolist for different units of output.Table 11.3
-Suppose you inherit the only spring of mineral water in an area and want to maximize profits from this costless product. You would ask your customers to bring their containers with them and:
A) charge them the highest price possible to sell some output.
B) charge them the lowest price possible to sell as much as you can.
C) ask them how much they would like to pay and accept it.
D) charge the price at which MR is zero.
E) charge the price at which MR is maximum.
Correct Answer:

Verified
Correct Answer:
Verified
Q106: The figure given below shows the aggregate
Q107: The figure given below shows the aggregate
Q108: The figure given below shows the demand
Q109: The following table shows the marginal revenues
Q110: The table given below shows the price,
Q112: The figure given below shows the demand
Q113: The figure given below shows the cost
Q114: The figure given below shows the demand
Q115: The figure given below shows the cost
Q116: The figure below shows the market equilibrium