Answered: Suppose b XA https://blackboard.vsu.edu/webapps/assessment/take/launch.jsp?course assessment_ id3D_50488* Question Completion Status:Ou. pcopic WIu mgncr IcoICS SIIOUIU pay gner pricCS uiar unUST WIUI TOWCI ICUIIICS.QUESTION 12Exhibit 3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine504540レATC35Price,cots,and3025revenue20perdose(dollars)1510MR1 2 3 4 5 6 7 8 9 10Quantity of vaccine(hundreds of doses per hour)In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine?O a. $10,500.O b. $4,500.O C. $1,500.O d. $3,000.QUESTION 13Click Save amd Submit to save and submit. Click Save All Answers to save all answers.O Type here to searchW99+

Profits are the total revenues minus total costs,being the area above the average cost…

50 MC 45 40 ATC 35 Price, costs, and 30 25 revenue 20 perdose (dollars) 15 10 MR 0 1 2 3 4 5 6 7 8 9 10 Quantity of vaccine (hundreds of doses per hour) In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine? O a. $10,500. O b. $4,500. O C. $1,500. O d. $3,000.

50 MC 45 40 ATC 35 Price, costs, and 30 25 revenue 20 perdose (dollars) 15 10 MR 0 1 2 3 4 5 6 7 8 9 10 Quantity of vaccine (hundreds of doses per hour) In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine? O a. $10,500. O b. $4,500. O C. $1,500. O d. $3,000.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 6SQ

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