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:

Abducens

Refers to the abducens nerve (cranial nerve VI) that controls the lateral rectus muscle of the eye, responsible for abducting or moving the eye laterally.

Oculomotor

Pertaining to the third cranial nerve, which controls most of the eye's movements, the constriction of the pupil, and maintenance of eyelid elevation.

Trochlear

Refers to the fourth cranial nerve that controls the superior oblique muscle of the eye, aiding in rotational movement.

Facial

Relating to the face, or to the facial nerve which controls muscles of expression, taste sensation, and more.