Suppose That the Marginal Cost for a Certain Product Is

question 95

Multiple Choice

Suppose that the marginal cost for a certain product is given by , where x is in thousand of units and cost is in thousands of dollars. Suppose further that fixed costs are $210,000. Find . Round your answer to three decimal places, if necessary. ​

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Definitions:

Tax Liability

The total amount of tax owed to tax authorities after all credits and deductions have been applied to gross income.

Taxable Income

The portion of income used to calculate how much the income tax is owed to the government, after exemptions and deductions are factored in.

Publicly-traded Domestic Corporation

A company registered in the U.S. that sells its stocks to the public on at least one stock exchange.

DRD

Dividends-Received Deduction, a tax deduction received by a company for the dividends it gets from its investments in other companies.