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 $1,024 per week.Its marginal cost is MC = 3Q2.What is the profit maximizing output if the price is P = $192?
A) 0 or 5.33 or 8
B) 5.33 or 8
C) 0 or 5.33
D) 0 or 8
Correct Answer:
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