Use the Following Information to Answer Questions $S M C = 12 - 0.005 Q + 0.0000008 Q ^ { 2 }$

question 49

Multiple Choice

Use the following information to answer Questions.
Sport Tee Corporation manufactures T-shirts bearing the logos of professional baseball and football teams. The wholesale market for sport T-shirts is perfectly competitive.The manager forecasts the wholesale price of T-shirts next year to be $7.00. The firm's estimated marginal cost is $S M C = 12 - 0.005 Q + 0.0000008 Q ^ { 2 }$ where Q is the number of T-shirts produced and sold each month. Sport Tee Corporation will have a fixed cost of $2,000 per month.
-At the profit-maximizing level of output total revenue will be

• A) $10,000
• B) $15,000
• C) $20,000
• D) $25,000
• E) $35,000

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Definitions:

Incomplete Dominance

A genetic occurrence in which the trait exhibited by a heterozygous individual is a blend of the traits from both homozygous parents.

Epistasis

An interaction between genes in which the effect of one gene is modified or completely masked by another gene.

Polygenic Inheritance

Inheritance in which several independently assorting or loosely linked nonallelic genes modify the intensity of a trait or contribute to the phenotype in additive fashion.

Incomplete Dominance

a genetic phenomenon where the phenotype of a heterozygote is intermediate between the phenotypes of the two homozygotes.