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Market Demand Is Given as QD = 140 - 4P

Question 209

Multiple Choice
Market demand is given as Q<sub>D </sub>= 140 - 4P.Market supply is given as Q<sub>S </sub>= 3P.Each identical firm has MC = 5Q and ATC = 2Q.What is a firm's profit

Market demand is given as QD = 140 - 4P.Market supply is given as QS = 3P.Each identical firm has MC = 5Q and ATC = 2Q.What is a firm's profit


A) $4
B) $32
C) $48
D) $80

Correct Answer:

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