In Portland, let’s assume that Maria sells coffee in a monopolisticly competitive market. Maria generated the data presented in the table below to determine the profit-maximizing quantity at which she should sell. What is Maria’s coffee shop’s profit-maximizing output? Quantity Price Total Revenue Marginal Revenue Total Cost Marginal Cost 5 $21 $105 $21 $150 $30 10 $18 $180 $15 $160 $2 15 $16 $240 $12 $180 $4 20 $14 $280 $8 $220 $8 25 $11 $275 $1 $270 $10 30 $10 $300 $0 $330 $12 35 $8 $280 −$4 $400 $14

Survey Of Economics
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ISBN:9781337111522
Author:Tucker, Irvin B.
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Chapter9: Monopolistic Competition And Oligoply
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In Portland, let’s assume that Maria sells coffee in a monopolisticly competitive market. Maria generated the data presented in the table below to determine the profit-maximizing quantity at which she should sell. What is Maria’s coffee shop’s profit-maximizing output?

Quantity Price Total
Revenue
Marginal
Revenue
Total
Cost
Marginal
Cost
5 $21 $105 $21 $150 $30
10 $18 $180 $15 $160 $2
15 $16 $240 $12 $180 $4
20 $14 $280 $8 $220 $8
25 $11 $275 $1 $270 $10
30 $10 $300 $0 $330 $12
35 $8 $280 −$4 $400 $14
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