Table 10.3 Table 10.3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 10.3.The amount of the firm's loss at its optimal output level is
A)$0
B)$41
C)$45
D)$50

Question

Table 10.3  Table 10.3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 10.3.The amount of the firm's loss at its optimal output level is
A)$0 
B)$41 
C)$45 
D)$50

Quizplus · Accepted Answer

The firm's loss at its optimal output level is determined by the difference between its total cost and total revenue at that level. Without the specific details from Table 10.3, we can't calculate the exact figures. However, if the correct answer is given as B) $41, it means at the optimal output level, the firm's total costs exceed its total revenues by $41, leading to a loss of that amount.

Table 103 Table 10