Question
Given the cost information in the previous question TC = 40 + 0.1 Q 2 - 0.2Q MC = .2Q - .2 Market price =
Given the cost information in the previous question
TC = 40 + 0.1 Q2 - 0.2Q
MC = .2Q - .2
Market price = $4.20
Marginal revenue (MR)= $4.20 at all output levels.
What is the profit at the profit-maximizing output level (the output level derived in the previous question)?
| a. | $45.00 | |
| b. | $10.50 | |
| c. | $6.30 | |
| d. | $8.40 |
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Horngrens Financial & Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
0133255573, 978-0133255577
