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Table 96 -Refer to Table 9

Question 71

Multiple Choice

Table 9.6
 Price ($)  Quantity  Total Cost ($)  16.0005.0015.0017.0014.0028.8013.00310.4012.00412.2011.00514.2010.00616.409.00718.808821.407924.20\begin{array} { | c | c | c | } \hline \text { Price } ( \$ ) & \text { Quantity } & \text { Total Cost (\$) } \\\hline 16.00 & 0 & 5.00 \\\hline 15.00 & 1 & 7.00 \\\hline 14.00 & 2 & 8.80 \\\hline 13.00 & 3 & 10.40 \\\hline 12.00 & 4 & 12.20 \\\hline 11.00 & 5 & 14.20 \\\hline 10.00 & 6 & 16.40 \\\hline 9.00 & 7 & 18.80 \\\hline 8 & 8 & 21.40 \\\hline 7 & 9 & 24.20 \\\hline\end{array}
-Refer to Table 9.6,which shows the demand schedule faced by a monopolist and the total cost incurred by it in producing each output level.The profit-maximizing price for the monopolist is _____.


A) $14.00.
B) $11.00.
C) $10.00.
D) $9.00.
E) $8.00.

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