$\text {Demand and Cost Data for Will's Beach Ball Company}$

question 47

Multiple Choice

$\text {Demand and Cost Data for Will's Beach Ball Company}$

$\begin{array}{l}\begin{array}{cccc}&\text { Demand Data}& \text { Cost Data }\\\text { Price } & \text { Quantity } & \text { Output } & \text { Total Cost } \\\$ 11 & 6 & 6 & \$ 48 \\\$ 10 & 7 & 7 & \$ 52 \\\$ 9 & 8 & 8 & \$ 57 \\\$ 8 & 9 & 9 & \$ 63 \\\$ 7 & 10 & 10 & \$ 70\end{array}\end{array}$

$\text {Table \(26.1\) }$
$\text {A Monopolistically Competitive Firm}$ Refer to Table 26.1.At the profit-maximizing output and price, Will's Beach Ball Company will earn a profit equal to

• A)$18.
• B)$70.
• C)$72.
• D)-$12.