Suppose Susan Owns a Business That Operates in a Market

question 136

Multiple Choice

Suppose Susan owns a business that operates in a market characterized by monopolistic competition.Susan's profit-maximizing price is $12,her profit-maximizing output is 900 units per week,and her profits are $1,800 per week.Susan decides that she needs more profits and therefore raises her price to $15.At the new price of $15:

• A)profits will increase.
• B)profits will remain at $1,800.
• C)marginal revenue will be greater than marginal cost.
• D)marginal revenue will be less than marginal cost.

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Definitions:

Male Fitness

The state of health and well-being specifically related to male individuals, often focusing on physical strength, endurance, and overall physical health.

Secondary Socialization

The process of learning appropriate behavior within smaller sections of the larger society, occurring outside the family through institutions like schools and media.

Specific Groups

Groups identified or formed based on particular criteria or characteristics such as interests, identities, or goals.

Birth Cohort

All of the people who are born during a given period of time and therefore experience historical events at the same points in their lives.