Use the above figure. The total profit earned by this monopolistically competitive firm is
A) $2,560.
B) $1,600.
C) $480.
D) $1,900.
C
You might also like to view...
Jerry is studying three nights per week and his grade point average is 3.1. He wants a higher GPA and decides to study an extra night each week. His GPA now rises to 3.5
Had Jerry not decided to study an extra night, he would have spent this night with his friends. What is Jerry's marginal benefit from studying for one additional night a week? What is his marginal cost of increasing the study time by one night per week? Why does Jerry decide to study an extra night?
Explain how more than one possible state of nature affects contract choices
What will be an ideal response?
Which of the following is the best example of a public good?
a. Cars. b. Education. c. Radios. d. Air traffic control.
Between 1960 and 1995, Social Security benefits:
A. decreased from 35 percent down to 10 percent. B. increased from 10 percent to 35 percent. C. increased, decreasing the poverty rate among the elderly from 35 percent down to 10 percent. D. decreased, increasing the poverty rate among the elderly from 10 percent to 35 percent.