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Melon's Sport Shop collected the data below of revenues and costs. Assuming the firm is a monopolistic competitor, producing at the profit-maximizing level of output,
Melon's Sport Shop 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 Melon's Sport Shop. Melon's Sport Shop Revenue and Costs Price Quantity Total Revenue Total Cost Marginal Revenue Marginal Cost $ 25.00 0 $ 25.00 $ 130 - $ 24.00 10 $ 240.00 $ 275 $ 21.50 $ 14.50 $ 23.00 20 $ 460 $ 435 $ 22.00 $ 16.00 $ 22.50 30 $ 675 $ 610 $ 21.50 $ 17.50 $ 22.00 40 $ 880 $ 815 $ 20.50 $ 20.50 $ 21.60 50 $ 1080 $ 1 , 045 $ 20.00 $ 23.00 $ 21.20 60 $ 1272 $ 1 , 295 $ 19.20 $ 25.00
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