monopolistic competition, Microeconomics

Lorie teaches singing.Herr fixed cost are $1000 a month,and it costs her $50 of labor to give one class.the table shows the demand schedule for lorie''s singing lessons.

Price quantity demanded
(dollars per lesson) (lessons per month)

0 250
50 200
100 150
150 100
200 50
250 0

Calculate Lorie''s profit-maximizing output, price, and economic profit.
Posted Date: 5/9/2013 6:31:13 AM | Location : Malaysia







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