Suppose a Business Can Sell X Gadgets For $p = 250 - 0.01 x$

question 237

Multiple Choice

Suppose a business can sell x gadgets for $p = 250 - 0.01 x$ dollars apiece, and it costs the business $c ( x ) = 1000 + 25 x$ dollars to produce the $x$ gadgets. Determine the production level and cost per gadget required to maximize profit.

• A) 11,250 gadgets at $137.50 each
• B) 13,750 gadgets at $112.50 each
• C) 10,000 gadgets at $150.00 each
• D) 111 gadgets at $248.89 each

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Definitions:

International Job Mobility

The ability of workers to move across national borders to find employment, often influenced by global economic conditions and immigration policies.

Government Regulations

The laws and rules established by governments to control or direct the behavior of businesses, individuals, and other entities.

Formal Labor Relations

Refers to structured and legally governed interactions between employers, employees, and their representatives.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country.