Please help me answer the following !!!

time you will be able to review your quiz questions. PQ 15.01 EOC 15.09 B A tire store has a monopoly on tire sales in a small town. They want to increase sales from 25 to 26 sets of tires. In order to sell more sets of tires A company that holds a monopoly in their market is maximizing profits by selling 400 computers per day. At this level of production, it has they need to lower their price from $700 to $650 a set. Marginal revenue marginal revenue of $300, average revenue of $700, marginal cost of for the 26th set of tires is: $300 and average total cost of $350. What is the monopoly's profit- maximizing price assuming they are not price discriminating? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Type your numeric answer and submit a $600 -$600 Unanswered Save C $650 PQ 15.03 A company with a monopoly in their market recently lost one of its most productive employees. Because of this loss the company's marginal and -$650 average total costs increased by $100 per unit. As a result of this change, the company now needs to adjust the selling price of their product to continue to maximize profits. With these new prices, we could expect the $700 company's production to: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. f -$700 increase. g $1,350 b decrease. h -$1,350 C not change. EOC 15.04 EOC 15.07 (and 15.08) A semiconductor company has a monopoly in the market. The marginal cost of producing an extra semiconductor is $20 and the average total A cell phone manufacturer has invented a new type of cell phone that cost at current production levels is $30. If the company is maximizing its essentially gives them a monopoly in their market, where they currently profits then its marginal revenue on an additional unit would be? sell 8 million cell phones a year. The company's analytics department has researched that if they dropped their prices by 10%, sales would rise Select an answer and submit. For keyboard navigation, use the up/down arrow keys enough that the company's profits would also increase. This result to select an answer. suggests that: Select an answer and submit. For keyboard navigation, use the up/down arrow keys Less than $20 to select an answer. MC=MR b $20 MC is lower than MR C $30 C MC is higher than MR d Greater than $30