A monopolistically competitive firm faces the following demand schedule for its product: The firm has total fixed costs of $9 and a constant marginal cost of $3 per unit. The firm will maximize profit with
A)9 units of output.
B)15 units of output.
C)21 units of output.
D)30 units of output.

Question

A monopolistically competitive firm faces the following demand schedule for its product:  The firm has total fixed costs of $9 and a constant marginal cost of $3 per unit. The firm will maximize profit with
A)9 units of output. 
B)15 units of output. 
C)21 units of output. 
D)30 units of output.

Quizplus · Accepted Answer

The Answer of A monopolistically competitive firm faces the following demand schedule for its product:  The firm has total fixed costs of $9 and a constant marginal cost of $3 per unit. The firm will maximize profit with
A)9 units of output. 
B)15 units of output. 
C)21 units of output. 
D)30 units of output.

A Monopolistically Competitive Firm Faces the Following Demand Schedule for Its