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Andrea's Day Spa collected the data below of revenues and costs. Assuming the firm is a monopolistic competitor, producing at the profit-maximizing level of output,
Andrea's Day Spa collected the data below of revenues and costs. Assuming the firm is a monopolistic competitor, producing at the profit-maximizing level of output, calculate total profit for Andrea's Day Spa. Andrea's Day Spa Revenue and Costs Price Quantity Total Revenue Total Cost Marginal Revenue Marginal Cost $ 25 0 $ 25 $ 130 - - $ 24 10 $ 240 $ 275 $ 21.50 $ 14.50 $ 23 20 $ 460 $ 435 $ 22 $ 16 $ 22.50 30 $ 675 $ 610 $ 21.50 $ 17.50 $ 22 40 $ 880 $ 800 $ 20.50 $ 19 $ 21.60 50 $ 1 , 080 $ 1 , 000 $ 20 $ 20 $ 21 60 $ 1 , 272 $ 1 , 225 $ 19.20 $ 22
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