# Question: answer the following 5 questions on the basis of the...

###### Question details

Answer the following (5) questions on the basis of the data
below which

refers to a pure monopolist (producing good X).Complete the table
below!

46

To maximize profits, the monopolist will produce:

a. 2 units |

b. 3 units |

c. 4 units |

d. 5 units |

47

What price will the firm charge?

a. $15 |

b. $14 |

c. $12 |

d. $10 |

48

At the above level of output , the firm will realize a profit of:

a. $56 |

b. $16 |

c. $11 |

d. $ a loss of $4 |

49

Given the above data, how many units would a perfectly competitive firm have produced, to maximize profit?

a. 2 units |

b. 3 units |

c. 5 units |

d. 6 unit |

50

From information in above table, the perfectly competitive firm would:

a. make a profit of $11 |

b. make a profit of $1 |

c. make a loss of $10 |

d. break-even. |