A Firm Faces the Demand for Its Product $P = 100 - 0.5 Q$

question 42

Multiple Choice

A firm faces the demand for its product, $P = 100 - 0.5 Q$ ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit. If the firm can practice first-degree price discrimination,it can make a maximum profit of

• A)$1,872.
• B)$1,936.
• C)$7,744.
• D)$9,856.

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Definitions:

Position Analysis Questionnaire

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