Solved

Use the Following to Answer Question

Question 87

Multiple Choice

Use the following to answer question:
Figure: Profit Maximization for a Firm in Monopolistic Competition Use the following to answer question: Figure: Profit Maximization for a Firm in Monopolistic Competition   -(Figure: Profit Maximization for a Firm in Monopolistic Competition) Use Figure: Profit Maximization for a Firm in Monopolistic Competition.Suppose that an innovation reduces a firm's costs from ATC to ATC'.After the innovation reduces the cost,the firm's economic profit at the new profit-maximizing quantity is: A) $0. B) $30. C) $1,500. D) $3,000.
-(Figure: Profit Maximization for a Firm in Monopolistic Competition) Use Figure: Profit Maximization for a Firm in Monopolistic Competition.Suppose that an innovation reduces a firm's costs from ATC to ATC'.After the innovation reduces the cost,the firm's economic profit at the new profit-maximizing quantity is:


A) $0.
B) $30.
C) $1,500.
D) $3,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions