Sport Tee Corporation manufactures T-shirts bearing the logos of professional football teams.The wholesale market for sport T-shirts is perfectly competitive.The manager forecasts the wholesale price of T-shirts next year to be $7.00.The firm's estimated marginal cost is where Q is the number of T-shirts produced and sold each month.Sport Tee Corporation will have a fixed cost of $2,000 per month.At the profit-maximizing level of output total revenue will be
A) $10,000
B) $15,000
C) $20,000
D) $25,000
E) $35,000
Correct Answer:
Verified
Q78: Bartech,Inc.is a firm operating in a
Q79: Consider a competitive industry and a
Q80: A consulting company estimated market demand
Q81: Sport Tee Corporation manufactures T-shirts bearing
Q82: Radon Research Corporation (RRC)is one of
Q84: Good W is produced in a competitive
Q85: Good Z is produced and sold in
Q86: Good Z is produced and sold in
Q87: Good W is produced in a competitive
Q88: Good W is produced in a competitive
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents