In the above figure for a monopolistically competitive firm, the total cost at the profit-maximizing point is
A. $540.
B. $880.
C. $400.
D. $480.
Answer: D
You might also like to view...
Robert must always have cream in his coffee. For Robert, the cross price elasticity of demand for coffee and cream is
A) equal to 0. B) negative. C) positive. D) impossible to determine without more information.
If Ford raises the price of its automobiles, the demand curve for GM automobiles
a. shifts to the left b. is unaffected c. becomes more elastic d. shifts to the right e. becomes vertical
At the end of 2014, the net national debt per person in the United States was approximately
a. $14 trillion. b. $142 billion. c. $56,000. d. $86,000.
A nation's production possibilities curve should, ceteris paribus, shift
A. Inward if gross investment exceeds depreciation. B. Outward if net investment is positive. C. Inward if net investment is zero. D. Outward if gross investment is positive.