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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!

2 15 0 s04720999 22234457 X01234567 x20864208

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.
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