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Dymondmonae Dymondmonae
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5 years ago
Table 15-1

Price per Unit
​		Quantity Demanded
(units)		Total Cost of Production
(dollars)
$8510$530
 8011  540
 7512  550
 7013  560
 6514  575
 6015  595
 5516  625
A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 15-1.


Refer to Table 15-1. What is the firm's profit-maximizing output and what is the price charged to sell this output?

• P = $85; Q = 10

• P = $80; Q = 11

• P = $70; Q = 13

• P = $65; Q = 14
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Nikki_LYNNNikki_LYNN
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5 years ago
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