-Maxine's electrotranslucent circuit board, a newly patented product, has been making her firm (ECB, Inc.) a bundle of money since being introduced to the market 6 months ago.Referring to Exhibit K-3 (on the following page),
A) Maxine's profit is $200
B) profit maximizing output is 100 units
C) Maxine's profit is $450
D) profit will be driven to zero in the long-run
E) total revenue will be $800

Question

-Maxine's electrotranslucent circuit board, a newly patented product, has been making her firm (ECB, Inc.) a bundle of money since being introduced to the market 6 months ago.Referring to Exhibit K-3 (on the following page),
A) Maxine's profit is $200 
B) profit maximizing output is 100 units 
C) Maxine's profit is $450 
D) profit will be driven to zero in the long-run 
E) total revenue will be $800

Quizplus · Accepted Answer

Maxine's profit is $450 because total revenue is $800 and total cost is $350.

-Maxine's Electrotranslucent Circuit Board, a Newly Patented Product, Has Been