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your food-services company has been named as the sole provider of meals at a small university. the cost and demand schedules are for a single-price monopolist, the profit-maximizing price and number of meals per day is

Answer :

Answer:

The answer is "400 meals at 2.50 dollars a day".

Explanation:

Please find the complete question and the solution in the attachment file.

In this question, when we compare the MR value as well as the MC, the monopolist produces up to the point where MR>MC.

In this, it happens before 400 meals at 2.50 per day and, so "400 meal at 2.50 dollars a day".

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