Bartech,Inc $A V C = 10 - 0.003 Q + 0.0000005 Q ^ { 2 }$

question 70

Multiple Choice

Bartech,Inc.is a firm operating in a competitive market.The manager of Bartech forecasts product price to be $28 in 2021.Bartech's average variable cost function is estimated to be $A V C = 10 - 0.003 Q + 0.0000005 Q ^ { 2 }$ Bartech expects to face fixed costs of $12,000 in 2021.The profit-maximizing (or loss-minimizing) output for Bartech is

• A)0 units
• B)500 units
• C)1,000 units
• D)2,000 units
• E)6,000 units

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Definitions:

Abstract Terms

Words or phrases that represent ideas or concepts that are not tangible or concrete.

Cephalocaudal

A principle of human growth and development where development proceeds from the head downwards through the body.

Proximodistal

A pattern of growth and development in children where development proceeds from the body's central axis outward to the extremities.

Birth Length

Refers to the measurement of a newborn's length from head to toe at the time of birth.