Suppose Susan Owns a Business That Operates in a Market

question 136

Multiple Choice

Suppose Susan owns a business that operates in a market characterized by monopolistic competition.Susan's profit-maximizing price is $12,her profit-maximizing output is 900 units per week,and her profits are $1,800 per week.Susan decides that she needs more profits and therefore raises her price to $15.At the new price of $15:

• A)profits will increase.
• B)profits will remain at $1,800.
• C)marginal revenue will be greater than marginal cost.
• D)marginal revenue will be less than marginal cost.

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Appropriate clothing suitable for a particular occasion or setting.

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The quality of being calm, graceful, and confident in manner or bearing, often under pressure.

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A feeling of self-assurance arising from an appreciation of one's own abilities or qualities.

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Posture is the position in which someone holds their body when standing or sitting, and proper posture is important for health and well-being.