Question: MC Qu. 13-121 (Algo) Answer the question based on the... Answer the question based on the demand and cost schedules for a monopolistically competitive firm

MC Qu. 13-121 (Algo) Answer the question based on the...

Answer the question based on the demand and cost schedules for a monopolistically competitive firm given in the table below.

Price Quantity Demanded Total Cost Output
$ 20 1 $ 10 1
18 2 20 2
16 3 29 3
14 4 36 4
12 5 40 5
10 6 42 6

At the profit-maximizing level of output, marginal revenue is

Multiple Choice

  • $4.
  • $8.
  • $0.
  • $5.

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