Table 11-2 Eco Energy Is a Monopolistically Competitive Producer of a Sports

question 45

Multiple Choice

Table 11-2
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity } \\\text { (cases) }\end{array} & \begin{array} { c } \text { Price } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Revenue } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Cost } \\\text { (dollars) }\end{array} \\\hline 1 & \$ 75 & \$ 75 & \$ 60 \\\hline 2 & 70 & 140 & 85 \\\hline 3 & 65 & 195 & 105 \\\hline 4 & 60 & 240 & 115 \\\hline 5 & 55 & 275 & 130 \\\hline 6 & 50 & 300 & 155 \\\hline 7 & 45 & 315 & 190 \\\hline 8 & 40 & 320 & 230 \\\hline 9 & 35 & 315 & 280 \\\hline\end{array}$$
Eco Energy is a monopolistically competitive producer of a sports beverage called Power On. Table 11-2 shows the firm's demand and cost schedules.
-Refer to Table 11-2.What is the marginal profit from producing and selling the 5th case?

• A)$275
• B)$145
• C)$35
• D)$20

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Definitions:

Criminality

The condition of participating in unlawful acts or having a propensity to engage in criminal behavior.

Deviance

Behaviors or actions that violate social norms and expectations, often eliciting negative social reactions.

Chambliss

Refers to William J. Chambliss, a sociologist known for his work on the conflict theory and the sociology of law.

Vagrancy Laws

Legislation that criminalizes the act of wandering without a permanent home or means of support, often targeted at homeless individuals.