Table 93 Table 93 Shows the Demand and Cost Schedules for a Monopolistically

question 39

Multiple Choice

Table 9.3
$$\begin{array} { | c | c | c | c | c | } \hline \text { Quantity } & \begin{array} { c } \text { Price } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Revenue } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Variable } \\\text { Cost } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Cost } \\\text { (dollars) }\end{array} \\\hline 0 & 21 & 0 & 0 & 50 \\\hline 1 & 20 & 20 & 16 & 66 \\\hline 2 & 19 & 38 & 31 & 81 \\\hline 3 & 18 & 54 & 45 & 95 \\\hline 4 & 17 & 68 & 59 & 109 \\\hline 5 & 16 & 80 & 75 & 125 \\\hline 6 & 15 & 90 & 93 & 143 \\\hline 7 & 14 & 98 & 112 & 162 \\\hline 8 & 13 & 104 & 140 & 190 \\\hline 9 & 12 & 108 & 180 & 230 \\\hline 10 & 11 & 110 & 230 & 280 \\\hline\end{array}$$ Table 9.3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 9.3.The average variable cost of production at its optimal output level is _____.

• A) $0 (because its optimal output = 0)
• B) $15
• C) $14.75
• D) $29

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Definitions:

Meaning

The significance, definition, or interpretation of a word, phrase, concept, or action.

Ureter

The duct by which urine passes from the kidney to the bladder.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before disposal by urination.

Nephron

The fundamental unit of structure and function in the kidney, tasked with purifying blood and generating urine.