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Suppose a Monopolistically Competitive Firm's Output Where Marginal Revenue Equals

Question 82

Multiple Choice
Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18.If the average total cost at this output is $16.55, then its total profit is A)$1,188. B)$1,092.30. C)$95.70. D)$1.45.

Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18.If the average total cost at this output is $16.55, then its total profit is


A) $1,188.
B) $1,092.30.
C) $95.70.
D) $1.45.

Correct Answer:

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