|:>7. Jack is Ben's son and naturally takes some but not all of Ben's advice. Despite being a monopolist, Jack wants to maximize total revenue. If Jack has a demand curve and marginal revenue curve with the usual negative slopes, and faces positive marginal costs, we know Jack is minimizing profits Jack is producing the same output as Ben would advice a single-price monopolist to produce Jack produces more output than if Jack were trying to maximize profits Jack produces less output than if Jack were trying to maximize profits Jack produces an output corresponding to where marginal revenue is less than 1 None of these are correct. D 9 . Ben operates a monopoly with constant marginal cost of $2 per unit and no fixed costs. Ben can set one price in Ann Arbor and another price in Marquette. If demand in Ann Arbor is given by Q=3500-350p and demand in Marquette by Q=600-100p, then the price in Marquette will be the same as the price in Ann Arbor be $2 smaller than the price in Ann Arbor be $2 larger than the price in Ann Arbor be $4 larger than the price in Ann Arbor be $4 smaller than the price in Ann Arbor None of these are correct.|:> 14. If Jenny's short-run marginal cost of producing Widgets is $30 for the first 100 units and $40 for each additional Widget past 100, in the short run when facing a market price of $36 per Widget, in order to maximize profits Jenny will produce the amount of widgets where the marginal cost equals the marginal revenue due to facing constant returns to scale, produce as many widgets as possible continue producing up to the point where Jenny's average cost is $36 not produce any widgets since the marginal costs of producing widgets are increasing produce exactly 100 widgets