( Your fcod-services company has been named as the sole provider of meals at a s

Question

( Your fcod-services company has been named as the sole provider of meals at a small university. The cost and demand schedules are: Total Fixed Cost 150 $150 $150 $150 $150 $150 $150 $150 Total Sold per Day Price per Meal Variable CostTotal Revenue 100 200 300 400 500 600 700 $3.50 $3.25 $3.00 $2.75 $2.50 $2 25 $2.00 $1.75 S250 S450 S650 S815 S1,010 $1,230 $1.455 $325 5600 $825 $1,000 $1,125 $1,200 $1,225 For a single-price monopolist, the profit-maximizing price and number of meals per day is OA. B. ° C. O D. E. 300 meals at $2.75 per meal. 700 meals at $1.75 per meal. 600 meals at $2.00 per meal. 400 meals at $2.50 per meal. 500 meals at $2.25 per meal. Click to select your answer and then click Check Answer Clear All Check Answer

Explanation / Answer

correct option is D. 400 meal at $2.50 per meal because at this point profit is $35

add total fixed cost and variable cost then total cost is calculated after that deduct from total revenue

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