1. Business
2. Economics
3. answer the following 5 questions on the basis of the...

# 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.