Chapter 13 & 14 Quiz X Chapter 13 & 14 Quiz X Course Hero X G In the long run, monopolistically x + X C A mylab.pearson.com/Student/PlayerTest.aspx?testId=249366734 Economics 1001 - Section 5 - Online - Speicher Kyla Rose ? = Quiz: Chapter 13 & 14 Quiz Question 7 of 12 This quiz: 15 point(s) possible This question: 1 point(s) possible Submit quiz Question list K Brad owns a restaurant that sells fried chicken in a monopolistically competitive market. The graph to the right depicts the demand and marginal revenue for his fried chicken. 2.00 Suppose that Brad's restaurant is maximizing profits at 35 servings of fried chicken (per 2.25- Question 5 day) 2.00- Assume that restaurants in this market are earning positive economic profits in the short 1.75- run. O Question 6 Use the three-point curve drawing tool to add Brad's average total cost (ATC) curve to the Price and cost (dollars per servings of fried chicken) graph. Properly label this curve. 1.00- O Question 7 Carefully follow the instructions above, and only draw the required objects. 0.50- O Question 8 0.25 - MR D 10 20 30 40 50 60 70 80 90 100 Quantity of fried chicken (per day) O Question 9 O Question 10 Next OME OR CC Apr 6 7:21 7 9