Table 92 Eco Energy Is a Monopolistically Competitive Producer of a Sports

question 35

Multiple Choice

Table 9.2
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity } \\\text { (cases) }\end{array} & \begin{array} { c } \text { Price } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Revenue } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Cost } \\\text { (dollars) }\end{array} \\\hline 1 & 75 & 75 & 60 \\\hline 2 & 70 & 140 & 85 \\\hline 3 & 65 & 195 & 105 \\\hline 4 & 60 & 240 & 115 \\\hline 5 & 55 & 275 & 130 \\\hline 6 & 50 & 300 & 155 \\\hline 7 & 45 & 315 & 190 \\\hline 8 & 40 & 320 & 230 \\\hline 9 & 35 & 315 & 280 \\\hline\end{array}$$ Eco Energy is a monopolistically competitive producer of a sports beverage called Power On. Table 9.2 shows the firm's demand and cost schedules.
-Refer to Table 9.2.What is the output (Q) that maximises profit,and what is the price (P) charged?

• A) P = $55; Q = 5 cases
• B) P = $50; Q = 6 cases
• C) P = $45; Q = 7 cases
• D) P = $40; Q = 8 cases

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Definitions:

Erythrocytes

Red blood cells responsible for carrying oxygen from the lungs to the body tissues and facilitating carbon dioxide's return to the lungs.

Interstitial Fluid Osmotic Pressure

The pressure generated by the osmotic flow of water through a semipermeable membrane due to the presence of dissolved solutes, influencing the movement of fluids within and between cells and tissues.

Plasma Concentration

The amount of a substance, usually a drug, present in the blood plasma at any given time, important for determining dosages and understanding pharmacokinetics.