Exhibit 9-5 Demand and cost data for a monopolist
Price
Quantity
TR
MR
TC
Profit
$10
  1
10
10
  4
     9
  2
    8
     8
  3
  12
     7
  4
  16
     6
  5
  20
     5
  6
  24
     4
  7
  28
     3
  8
  32
     2
  9
  36
     1
10
  40
 Refer to Exhibit 9-5. The demand schedule and cost schedule for a monopolist are provided. Which output level maximizes profit?

A cross-country analysis of health statistics suggests that countries with single payer systems have infant mortality rates that are ________ than those rates for the U.S. and survival rates for breast and prostate cancer that are ________ than those rates for the U.S.

A. lower; lower B. higher; higher C. higher; lower D. lower; higher

When economists talk about a demand schedule for a product, they mean

A. the amount of a good that consumers intend to purchase at only one particular price in a given period of time. B. the amount of a good that consumers are able to purchase (though they might not be willing to) at different prices in a given period of time. C. the amount of a good that producers are willing to make available for sale at a particular price in a given time period. D. the amount of a good that consumers intend to purchase at each price in a set of possible prices in a given time period.