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Question
Table 15-2| Quantity per Day (cases) | Price per Case | Total Cost |
| 1 | $16 | $7.00 |
| 2 | 15 | 9.50 |
| 3 | 14 | 11.00 |
| 4 | 13 | 12.00 |
| 5 | 12 | 14.50 |
| 6 | 11 | 17.50 |
| 7 | 10 | 21.00 |
| 8 | 9 | 25.00 |
| 9 | 8 | 30.00 |
| 10 | 7 | 35.50 |
The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes. Table 15-2 shows the cost and demand data for this government protected monopolist.
Refer to Table 15-2. What is the profit-maximizing quantity and price for the monopolist?
A) Quantity = 8 cases, Price = $9
B) Quantity = 7 cases, Price = $10
C) Quantity = 9 cases, Price = $8
D) Quantity = 10 cases, Price = $7
Answer
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