Suppose That the Marginal Revenue for a Product Is

question 37

Multiple Choice

Suppose that the marginal revenue for a product is and the marginal cost is with a fixed cost of $900. How many units will result in a maximum profit? ​

• A)9 units
• B)8 units
• C)7 units
• D)11 units
• E)10 units

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Definitions:

Business Ecosystem

An economic community supported by a foundation of interacting organizations and individuals—the organisms of the business world.

Economic Community

A group of countries or regions that form an agreement to promote economic cooperation and integration among its members, often through trade liberalization, common policies, and shared goals.

Corner Store Site

The location of a small retail business, typically situated on the corner of streets in urban or suburban areas, serving the immediate neighborhood.

Web Site

A location connected to the Internet that maintains one or more pages on the World Wide Web.