2. The following represents data for a monopolistic competitor. A) What is the profit maximizing quantity of output? B) Explain why this point is the profit maximizing level of output for this firm. Quantity Price ($) Margin al Revenu 0 5 10 15 20 25 30 35 40 45 50 15 14 13 12 11 10 9 8 7 6 5 Total Revenu e 0 70 130 180 220 250 270 280 280 270 250 P 15 13 11 9 7 5 3 1 -1 -3 -5 Total Cost ($) 175 180 190 207 225 250 290 335 385 465 565 Margin al Cost ($) 1 2 3.4 3.6 5 8 9 10 16 20 Averag e Cost ($) 36 19 13.8 11.25 10 9.67 9.57 9.63 10.33 11.3

2. The following represents data for a monopolistic competitor. A) What is the profit maximizing quantity of output? B) Explain why this point is the profit maximizing level of output for this firm. Quantity Price ($) Margin al Revenu 0 5 10 15 20 25 30 35 40 45 50 15 14 13 12 11 10 9 8 7 6 5 Total Revenu e 0 70 130 180 220 250 270 280 280 270 250 P 15 13 11 9 7 5 3 1 -1 -3 -5 Total Cost ($) 175 180 190 207 225 250 290 335 385 465 565 Margin al Cost ($) 1 2 3.4 3.6 5 8 9 10 16 20 Averag e Cost ($) 36 19 13.8 11.25 10 9.67 9.57 9.63 10.33 11.3

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Chelsea has to pay a series of uniform annual payments over a fixed period of time to repay a loan that would amount to $1,000,000. If Chelsea has to pay $30,000 per year for a rate of 6%, how long should she pay these uniform payments in order to repay her loan? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
pls help asap on both
Give me correct answer with calculation otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
PLS HELP ASAP ON BOTH
0.33 is the right answer for the first part. I just want to know how they got 0.33. Also the second part I need help on. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
statisfactory answer expect good rating.
Give me proper answer with calculation and full explanation Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
What are the economic risk in the Philippines for a U.S multinational company? Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Please give me correct answer with full explanation and calculation Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Please give me proper calculation and full explanation otherwose i give multiple downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.