Suppose a Firm's Profit Is Given by the Equation $\pi$ = -200 + 80Q - 0

question 34

Multiple Choice

Suppose a firm's profit is given by the equation $\pi$ = -200 + 80Q - 0.2Q2,where $\pi$ = profit and Q = quantity.Which of the following is true?

• A)The firm's marginal profit [M\(\pi\)] is given by the equation: M\(\pi\) = 80 - 0.2Q.
• B)The firm's profit-maximizing output is Q = 400.
• C)The firm's profit-maximizing output is Q = 200.
• D)The firm's marginal profit [M\(\pi\)] is given by the equation: M\(\pi\) = 80 - 2Q.
• E)The firm's profit-maximizing output is Q = 800.

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A part of succession planning focused on identifying and preparing suitable employees to replace key positions within an organization.

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Roles within an organization that involve oversight, decision-making, and leadership responsibilities over teams or departments.

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A formal agreement between parties that is focused on the exchange of goods or services without implying a deeper relationship or long-term commitment.

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The formal and informal connection between an employer and their workforce, encompassing mutual rights, responsibilities, and expectations.