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Based on the table below, what is the maximum amount of profit that this monopolistically competitive firm could earn in the short run?

P
Q
TC
95
1
80
90
2
120
85
3
170
80
4
230
75
5
300
70
6
380
A
60
B
85
C
90
D
75
E
40

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Nusrat Fatima
Nusrat FatimaLv10
28 Sep 2019

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Related questions

Short run profit maximization A monopolistically competitive firm faces the following demand and cost structure in the short run:

Output Price FC VC TC TR Profit/loss
0 $100 $100 $0 ___ ___ ___/___
1 90 ___ 50 ___ ___ ___/___
2 80 ___ 90 ___ ___ ___/___
3 70 ___ 150 ___ ___ ___/___
4 60 ___ 230 ___ ___ ___/___
5 50 ___ 330 ___ ___ ___/___
6 40 ___ 450 ___ ___ ___/___
7 30 ___ 590 ___ ___ ___/___

Gulp and Devour              
Output TR TC Profit AC Price MR MC Marginal
                Profit
1 135 100 35 100 135 135 100 35
2 260 200 60 100 130 125 100 25
3 375 300 75 100 125 115 100 5
4 480 400 80 100 120 105 100 5
5 575 500 75 100 115 95 100 -5
6 660 600 60 100 110 85 100 -15
7 735 700 35 100 105 75 100 -25
8 800 800 0 100 100 65 100 -35
Shady Enterprise              
Output TR TC Profit AC Price MR MC Marginal
                Profit
1 160 50 110 50 160 160 50 110
2 300 125 175 62.5 150 140 75 65
3 420 220 195 75 140 120 100 20
4 520 350 170 87.5 130 100 125 -25
5 600 500 100 100 120 80 150 -70
6 660 675 -15 112.5 110 60 175 -115
7 700 875 -175 125 100 40 200 -160
8 720 100 -380 137.5 90 20 225 -205

What is the profit-maximizing output for each case? Show that three criteria are equivalent: marginal cost equals marginal revenue, maximum profit, and marginal profit equals zero.

Based on the table below, what is the maximum amount of profit that this monopolistically competitive firm could earn in the short run?

P

Q

TC

30

18

545

29

19

550

28

20

556

27

21

564

26

22

575

25

23

590
A

4
B

15
C

9
D

560
E

572

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