please fast 19. 69O A. $1,200.O B. $1,050.O C. $750.O D. $375.108.5ગ4Monopolist's demand(Market demand)250 300-Long-run average cost-Long-run marginal costMarginal revenue for firmQFigure 11.2Figure 11.2 shows demand and costs for a monopolistically competitive firm. At the profit maximizing output level, the firm's profit is:

A monopolistically competitive firm will maximise its profit at the quantity where marginal cost equals marginal revenue, i.e. at 300 units in the given diagram, and price would be indicated by the demand curve i.e $8.5 in the given diagram. To calculate profit, one has to compare total revenue with total cost. To calculate the firm's profit, consider a simple formula:The correct option is option (b): $1050.

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10 8.5 O A. $1,200. O B. $1,050. O C. $750. O D. $375. 5 4 Monopolist's demand (Market demand) 250 300 Long-run average cost Long-run marginal cost Marginal revenue for firm Figure 11.2 Figure 11.2 shows demand and costs for a monopolistically competitive firm. At the profit maximizing output level, the firm's profit is:

10 8.5 O A. $1,200. O B. $1,050. O C. $750. O D. $375. 5 4 Monopolist's demand (Market demand) 250 300 Long-run average cost Long-run marginal cost Marginal revenue for firm Figure 11.2 Figure 11.2 shows demand and costs for a monopolistically competitive firm. At the profit maximizing output level, the firm's profit is:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please fast 19.

69
O A. $1,200.
O B. $1,050.
O C. $750.
O D. $375.
10
8.5
ગ
4
Monopolist's demand
(Market demand)
250 300
-Long-run average cost
-Long-run marginal cost
Marginal revenue for firm
Q
Figure 11.2
Figure 11.2 shows demand and costs for a monopolistically competitive firm. At the profit maximizing output level, the firm's profit is:

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