Solved

A Price-Taking Firm's Variable Cost Function Is C = Q3,where

Question 18

Multiple Choice

A price-taking firm's variable cost function is C = Q3,where Q is the output per week.It has an avoidable fixed cost of $2,000 per week.Its marginal cost is MC = 3Q2.What is the profit maximizing output if the price is P = $192?


A) 0
B) 6
C) 8
D) 10

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents