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

question 38

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. At the profit-maximizing uniform price,the firm earns economic profit of __________ when it engages in uniform pricing.

• A)$3,872
• B)$4,728
• C)$4,874
• D)$5,428
• E)none of the above

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