11. American Girl doll has an inverse demand curve of P = 150 - 0.25Q, where Q measures the quantity of dolls per day and P is the price per doll. The marginal cost is given by MC = 10 + 0.50Q. Whatis the total surplus at the profit-maximizing output level?VO $12,250CorrectO $144,000O $18,120O $4,500

A firm will maximise profit at a point where marginal revenue is equal to marginal cost and price is…

. American Girl doll has an inverse demand curve of P= 150 - 0.25Q, where Q measures the quantity of dolls per day is the total surplus at the profit-maximizing output level? 9O $12,250 Correct $144,000 $18,120

. American Girl doll has an inverse demand curve of P= 150 - 0.25Q, where Q measures the quantity of dolls per day is the total surplus at the profit-maximizing output level? 9O $12,250 Correct $144,000 $18,120

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

11. American Girl doll has an inverse demand curve of P = 150 - 0.25Q, where Q measures the quantity of dolls per day and P is the price per doll. The marginal cost is given by MC = 10 + 0.50Q. What
is the total surplus at the profit-maximizing output level?
VO $12,250
Correct
O $144,000
O $18,120
O $4,500

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