Figure 16-2. The figure is drawn for a monopolistically competitive firm.

-Refer to Figure 16-2. If the average total cost is $30 at the profit-maximizing quantity, then the firm's maximum profit is
A)$64.
B)$96.
C)$144.
D)$480.

Question

Figure 16-2. The figure is drawn for a monopolistically competitive firm.

-Refer to Figure 16-2. If the average total cost is $30 at the profit-maximizing quantity, then the firm's maximum profit is
A)$64. 
B)$96. 
C)$144. 
D)$480.

Quizplus · Accepted Answer

The Answer of Figure 16-2. The figure is drawn for a monopolistically competitive firm.

-Refer to Figure 16-2. If the average total cost is $30 at the profit-maximizing quantity, then the firm's maximum profit is
A)$64. 
B)$96. 
C)$144. 
D)$480.