Table 16-4
Beatrice's Birthday Cakes operates in a monopolistically competitive market, so it is one bakery among many in the market for birthday cakes. The following table presents cost and revenue data for birthday cakes at Beatrice's.

-Refer to Table 16-4. At the profit-maximizing quantity, what is Beatrice's total profit?

Question

Table 16-4
Beatrice's Birthday Cakes operates in a monopolistically competitive market, so it is one bakery among many in the market for birthday cakes. The following table presents cost and revenue data for birthday cakes at Beatrice's.
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-Refer to Table 16-4. At the profit-maximizing quantity, what is Beatrice's total profit?

Quizplus · Accepted Answer

Beatrice's total profit at the profit-maximizing quantity is calculated by subtracting total cost from total revenue at that quantity. Without the specific details from Table 16-4, we can't perform the exact calculation here. However, based on the question, the correct answer is provided as option C, which suggests that at the profit-maximizing quantity, Beatrice's total profit is $101. This would be determined by identifying the quantity where marginal cost equals marginal revenue and then calculating the difference between total revenue and total cost at that quantity.

Table 16-4 Beatrice's Birthday Cakes Operates in a Monopolistically Competitive Market, So