Question

"PowerSurge, a company selling batteries in a monopolistically competitive market, collected the data below of revenues and costs. Assuming the firm is producing at the profit-maximizing level of output, calculate total profit for PowerSurge."

Answer 1

Since the firm is maximizing its profit, it is producing and selling 40 units at $30 per unit, resulting in a net profit of $440.

Step-by-step explanation:

Sine there is no information, I searched for a similar question:

Q Sales revenue Total costs Profit

10 $450 $340 $110

20 $800 $480 $320

30 $1,050 $620 $430

40 $1,200 $760 $440

50 $1,250 $900 $350

60 $1,200 $1,040 $160

70 $1,050 $1,180 -$130

80 $800 $1,320 -$520

90 $450 $1,460 -$1,010