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Table 97 -Refer to Table 9

Question 172

Multiple Choice

Table 9.7
 Quantity  Price ($)  Total Cost ($) 13620232323285042480520120\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Price } ( \$ ) & \text { Total Cost } ( \$ ) \\\hline 1 & 36 & 20 \\\hline 2 & 32 & 32 \\\hline 3 & 28 & 50 \\\hline 4 & 24 & 80 \\\hline 5 & 20 & 120 \\\hline\end{array}
-Refer to Table 9.7,which shows the price and output combinations at different output levels for a non-price discriminating monopolist.The profit-maximizing price charged by this monopolist is _____


A) $36.
B) $32.
C) $28.
D) $24.
E) $20.

Correct Answer:

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