Ask Singapore Homework?

Upload a photo of a Singapore homework and someone will email you the solution for free.



Question

junior college 1 | H1 Maths
No Answers Yet

Help Danielle! Anyone can contribute an answer, even non-tutors.

Answer This Question
Danielle
Danielle

junior college 1 chevron_right H1 Maths chevron_right Singapore

micro econs !! I need help with (a), thank u so muchhhh

Date Posted: 1 week ago
Views: 6
J
J
1 week ago
https://www.google.com/amp/s/thismatter.com/economics/monopolistic-competition-prices-output-profits.amp.htm

Normally we look for for MC = MR. But in this case we don't have such an output . MC = MR lies between output of 4 and 5.

Output 4 gives more profit than output 5. Since in the short run, a monopolistically competitive firm maximizes profit or minimizes losses, 4 should be the output