Answered: Price $15.00 10.00 7.50 5.00 MR 0 55 80…

Price $15.00 10.00 7.50 5.00 MR 0 55 80 105 Consumer surplus at the profit-maximizing price and quantity is: $275.00. $537.50. $125.00. $137.50. MC ND 160 Quantity

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

Price
$15.00
10.00
7.50
5.00
MR
0
55 80 105
Consumer surplus at the profit-maximizing price and quantity is:
$275.00.
$537.50.
$125.00.
$137.50.
MC
D
160 Quantity

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In this video, Hamida may have made a mistake in identifying the profit/loss area. Identify whether or not she's made a mistake. If she hasn't, mark it as right. If she has, then identify the right profit/loss area. The graph is attached here again for your convenience Costs and revenue $ P2 P₁ Pol 0 W Qy MR MC ATC AVC Demand Quantity Hamida did not make a mistake. There is a loss of (P1-P2)Qy for this monopolistically competitive firm There is a positive profit of (P1-P2)Qy for this monopolistically competitive firm O There is a loss of (P2-PO)Qy for this monopolistically competitive firm