Suppose a firm faces the demand function q = 800

Question

Suppose a firm faces the demand function q = 800 - 4P. The firm's total production costs are given by MC(q) = 9.5q + q². If the firm cannot price discriminate, its profit-maximizing output is ____. A) 20 B) 19.5 C) 12.75 D) 10

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The Answer of Suppose a firm faces the demand function q = 800 - 4P. The firm's total production costs are given by MC(q) = 9.5q + q². If the firm cannot price discriminate, its profit-maximizing output is ____. A) 20 B) 19.5 C) 12.75 D) 10