A monopolistic competitor in the bluetooth speaker industry is adjusting sales of all its products because of a change in cost of production with the new cost and revenue schedule below, at which quantity and price will this firm sell its speakers to maximize profit? Price $240 $230 $225 $220 $216 $212 Bluetooth Speaker Industry, Costs of Production Total Total Marginal Quantity Revenue Cost Revenue 10 $2,400 $2,750 $215 20 $4,600 $4,350 $220 30 $6,750 $6,250 $215 40 $8,800 $8,150 $205 50 $10,800 $10,450 $200 60 $12, 720 $12.950 $192 Marginal Cost $145 $160 $175 8205 $230 $250 Price Quantity 10 $240 $230 $225 $220 $216 $212 20 30 40 50 60 Total Revenue $2,400 $4,600 $6,750 $8,800 $10,800 $12, 720 Total Cost $2,750 $4,350 $6,250 $8,150 $10.450 $12.950 Marginal Revenue $215 $220 $215 $205 $200 $192 Marginal Cost $145 $160 $175 $205 $230 $250
Provide your answer below:
P= Q .