Suppose Kate's Great Crete (KGC) has annual variable costs of and marginal costs of
,where Q is the number of cubic yards of concrete it produces per year.In addition,it has an avoidable fixed cost of $50,000 per year.KGC's demand function is
What is the profit maximizing sales price?
A) $47.7
B) $30
C) $45
D) $50
Correct Answer:
Verified
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