For a monopolistic firm, its demand is P = 200 - 0.25Q while MR = 200-0.5Q, if its MC = ATC = 20, calculate its maximized profit

The accompanying graph depicts average total cost (ATC) marginal cost (MC), marginal revenue (M), and demand (D) 50 facing a monopolistically competitive firm MC 45 Place point A at the firm's profit maximizing price and quantity 40 35 What is the firm's total cost? ATC 30 25 total cost: 20 15 What is the firm's total revenue? 10 5 total revenue: $ MR 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95100 Quantity What is the firm's total profit? profit: $ Price and Cost ($)

A small, local restaurant in St. Augustine, FL, serves scrambled eggs for breakfast. The market for breakfast scrambled eggs is monopolistically competitive. The following graph shows the demand, MR, MC, and ATC curve of this local restaurant. Use the graph to answer questions 3 to 7. Price (P) per plate $10 7 5 3 2 0 MC MR 50 80 100 ATC Number of plates of scrambled eggs served per day (Q)

Suppose the graph represent demand and marginal cost for a firm that is able to engage in perfect price discrimination. What is this firm's profit? Price and costs $50 45 40 35 30 25 20 15 10 5 D 0 10 20 30 40 50 MC = ATC T 60 70 80 90 100 Downloads per hour