If a Competitive Firm Has TC = Q³ - 40q²

question 91

Multiple Choice

If a competitive firm has TC = q³ - 40q² + 430q + 100, what is the minimum price that the firm must receive for its output in order for it to be willing to produce?

• A)40
• B)30
• C)20
• D)10

---

Definitions:

Specific Customer's Account

An account representing the transactions and outstanding balance related to a particular customer.

Bad Debt Expense

The estimated amount of receivables that a company does not expect to collect, recognized as an expense in financial statements.

Direct Write-off Method

An accounting approach where uncollectable debts are only written off when they are confirmed to be uncollectible, impacting the profit and loss account.

Money Claims

Money claims involve legal actions taken to recover debts or money owed from a person, company, or entity.