Your food - services company has been named as the sole provider of meals at a small university. The cost and demand schedules are: Total Total Sold per Day Price per Meal Fixed Cost Variable Cost Total Revenue $3.50 $150 100 $3.25 $150 $300 $325 200 $3.00 $150 $500 $600 300 $2.75 $150 $650 $825 400 $2.50 $150 $750 $1000 500 $2.25 $150 $830 $1125 600 $2.00 $150 $905 $1200 700 $1.75 $150 $995 $1225 TABLE 10 - 2 Refer to Table 10 - 2. For a single - price monopolist, the profit - maximizing price and number of meals per day is O A. 400 meals at $2.50 per meal. B. 300 meals at $2.75 per meal. O C. 500 meals at $2.25 per meal. O D. 700 meals at $1.75 per meal. O E. 600 meals at $2.00 per meal.

Your food - services company has been named as the sole provider of meals at a small university. The cost and demand schedules are: Total Total Sold per Day Price per Meal Fixed Cost Variable Cost Total Revenue $3.50 $150 100 $3.25 $150 $300 $325 200 $3.00 $150 $500 $600 300 $2.75 $150 $650 $825 400 $2.50 $150 $750 $1000 500 $2.25 $150 $830 $1125 600 $2.00 $150 $905 $1200 700 $1.75 $150 $995 $1225 TABLE 10 - 2 Refer to Table 10 - 2. For a single - price monopolist, the profit - maximizing price and number of meals per day is O A. 400 meals at $2.50 per meal. B. 300 meals at $2.75 per meal. O C. 500 meals at $2.25 per meal. O D. 700 meals at $1.75 per meal. O E. 600 meals at $2.00 per meal.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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