A Firm Can Produce 100 Units Per Week

question 64

Multiple Choice

A firm can produce 100 units per week. If its total cost function is dollars, and its total revenue function is dollars, find the maximum profit.

• A)$8,756
• B)$2,200
• C)$6,300
• D)$6,313
• E)$7,141

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Definitions:

Number Of Suppliers

The total count of entities or individuals providing a specific good or service in a market.

Normal Good

A good for which demand increases as the income of the individual or economy increases, and decreases when the income decreases.

Income Increases

Refers to the rise in the monetary earnings of individuals or entities over a period.

Sushi

A traditional Japanese dish made of vinegared rice, often accompanied by various ingredients such as seafood, vegetables, and occasionally tropical fruits.