-In the above figure, total cost for this profit-maximizing monopolistically competitive firm is

Question

Quizplus · Accepted Answer

The total cost for a profit-maximizing firm in a monopolistically competitive market can be determined by finding the quantity where marginal cost (MC) equals marginal revenue (MR) and then calculating the total cost at that quantity. Without the specific figure or additional details about costs, quantities, or prices, it's not possible to directly calculate or confirm the total cost. However, based on the choices provided and assuming choice C is correct, the total cost would be $70,000. This answer is based on the premise that the correct choice has been identified as such, despite the lack of detailed information to independently verify this calculation.

-In the Above Figure, Total Cost for This Profit-Maximizing Monopolistically