Radon Research Corporation (RRC)is One of 24 Firms in Albuquerque $S M C = 200 - 15 Q + 0.8 Q ^ { 2 }$

question 24

Multiple Choice

Radon Research Corporation (RRC) is one of 24 firms in Albuquerque testing homes for dangerous levels of radon gas.There is a standard test that all testing companies use.The manager of RRC wants to know the number of homes to test in 2021in order to maximize the firm's profit.The manager forecasted a price of $160 for radon tests in 2021.The firm's marginal cost was estimated as $S M C = 200 - 15 Q + 0.8 Q ^ { 2 }$ where Q is the number of tests performed each week.RRC's fixed cost will be $250 per week.The average variable cost at RRC is

• A)200 -30Q + 1.6Q²
• B)200Q -15Q² + 0.8Q³
• C)100- 10Q + 0.4Q²
• D)200- 7.5Q + 0.2667Q²
• E)none of the above

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Definitions:

Moral Behavior

Actions that conform to accepted standards of good or right conduct, often based on societal or personal ethical principles.

Good Person Philosophy

A belief system that emphasizes the inherent goodness of individuals and the importance of moral and ethical behavior in personal development.

Right Choice

Making a decision or selection that is considered correct or most fitting based on circumstances or objectives.

Situational Ethics

An ethical theory that posits the morality of an action is determined by the context or situation, rather than by applying universal laws.