Final answer:
Without specific details on costs and sale prices of the 1,170 handbags, the desired profit cannot be determined from the options provided. For Doggies Paradise Inc., the profit-maximizing quantity is found by comparing marginal cost and marginal revenue, but an exact number cannot be given without visual curves.
The correct answer is none of above.
Step-by-step explanation:
To answer the question, "What is the amount of desired profit from the production and sale of 1,170 handbags?" we lack specific information about the cost and sale price of handbags to calculate the desired profit.
However, from the reference information provided, there seems to be no direct correlation between the numbers given ($15 million, $17.4 million, $18.9 million, $51.3 million) and the profit from selling 1,170 handbags.
Thus, we cannot accurately determine which of the options (A, B, C, or D) is the correct amount of desired profit without additional data regarding the costs and revenue associated with producing and selling 1,170 handbags.
On the other hand, the second part of the question pertains to a perfectly competitive firm specifically Doggies Paradise Inc., which deals with the sale of dog coats. To find the profit-maximizing quantity, we need to look at the marginal cost and marginal revenue for each output level.
The point where these two curves intersect will indicate the profit-maximizing quantity. Unfortunately, without drawing the actual curves and seeing where they intersect, we are unable to provide an exact number. The student would need to calculate and then draw the marginal cost and marginal revenue curves based on the provided data to determine this number.
The correct answer is none of above.