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8. True or False: Suppose you discover that you've been tricked into paying $30 for a counterfeit ticket to a football game; you place a

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8. True or False: Suppose you discover that you've been tricked into paying $30 for a counterfeit ticket to a football game; you place a $35 value on attending the game, so the maximum price you should pay for a new (authentic) ticket is $5. Refer to the accompanying table, which represents the production and costs for a monopolist, to answer question 9. Price Quantity Fixed Cost Variable Cost $15 So $11 $9 $14 $7 $20 $29 9. True or False: If the firm profit maximizes, then the maximum profit for this firm is $8. Use the following table to answer question 10: Production Cases Average Cost 10 $10 11 $11 12 $12 13 $13 10. Suppose you are the owner of a firm producing 12 cases of beer. A new customer calls and places an order for a case, requiring you to increase your output to 13 cases. She offers you $24 for the case; however, you will lose money on it if you produce it for her

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