Use the Following to Answer Question

question 5

Multiple Choice

Use the following to answer question:
-Table: Spring Water.The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.At the profit-maximizing output,profit per unit is:

• A)$1.17.
• B)$8.83.
• C)$10.00.
• D)$11.75.

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Definitions:

Measurement Unit

A standardized quantity used to express the size, amount, or degree of a physical quantity.

Best Predictor

The variable or factor most accurately forecasting an outcome or result in a statistical model.

Salary

A fixed regular payment, typically expressed on an annual basis, paid by an employer to an employee.

Linear Effects

In statistics and mathematics, linear effects refer to outcomes or relationships that change at a constant rate across variables.