fer to Exhibit 14-4 If the blue jean firm maximizes profit, it will: A. earn $64,000 in profit this month. B. earn $30,000 in profit this month. C. earn zero profit in this month. D. earn $112,000 in profit this month.
fer to Exhibit 14-4 If the blue jean firm maximizes profit, it will: A. earn $64,000 in profit this month. B. earn $30,000 in profit this month. C. earn zero profit in this month. D. earn $112,000 in profit this month.
Chapter14: Monopolistic Competition And Product Differentiation
Section: Chapter Questions
Problem 5P
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Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote
![The following diagram depicts firms in monopolistically competitive markets.
$1
MC
$50
48
45
34
4 7 111
10
AC
Blue Jeans per Month
(in thousands)
Demand
Marginal Revenue
Refer to Exhibit 14-4. If the blue jean firm maximizes profit, it will:
A. earn $64,000 in profit this month.
B. earn $30,000 in profit this month.
C. earn zero profit in this month.
D. earn $112,000 in profit this month.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72a6c93d-fdfd-4269-a1ad-44ac8a950dd4%2F9ef8f245-55ea-4126-8e9c-c4ba89e50e41%2Fc2pb8l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following diagram depicts firms in monopolistically competitive markets.
$1
MC
$50
48
45
34
4 7 111
10
AC
Blue Jeans per Month
(in thousands)
Demand
Marginal Revenue
Refer to Exhibit 14-4. If the blue jean firm maximizes profit, it will:
A. earn $64,000 in profit this month.
B. earn $30,000 in profit this month.
C. earn zero profit in this month.
D. earn $112,000 in profit this month.
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