Refer to the above table. Given the demand and cost schedules, what are the maximum economic profits for this monopolist?

The way that a society uses to allocate resources to satisfy human wants is called

A) an economic system. B) an assumption. C) realism. D) a physical science.

Use the above figure. The profit-maximizing output will be

A) Q1. B) Q2. C) Q3. D) None of the above are correct.