Q Question 1 21 / 21 pts Suppose that a monopolistically competitive firm must build a production facility in order to produce a product. The fixed cost of this facility is FC = $24. Also, the firm has constant marginal cost, MC = $3. Demand for the product that the firm produces is given by P = 27-3Q. Calculate the missing values in the following table below. Missing values are denoted by a number inside a bracket [X]. Some numbers have been filled in for you. Place your answers in the corresponding numbered fields below the table. Hint: All answers that you fill in will be integers (no decimals). Be sure to just type the numbers and do not type in dollar signs. If you enter negative numbers, be sure to include a minus sign (-) to the left of the number. Another Hint: It may be best if you download the table first Download download the table firstand fill it in by hand and then type in your answers. Question 2 2 / 2 pts Enter just a number to answer this problem. How many units of output will the firm produce if maximizes its profit? Question 3 2 / 2 pts Enter just a number to answer this problem. What price should this firm charge if it wants to maximize its profit? Question 4 2 / 2 pts Monopolistic competition differs from perfect competition primarily because in monopolistic competition,
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