A Firm Can Produce 100 Units Per Week $C = 600 + 1200 x$

question 12

Multiple Choice

A firm can produce 100 units per week. If its total cost function is $C = 600 + 1200 x$ dollars, and its total revenue function is $R = 1300 x - x ^ { 2 }$ dollars, how many units x should it produce to maximize its profit?

• A)1250 units
• B)650 units
• C)93 units
• D)50 units
• E)100 units

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Definitions:

Country of Origin

The country where a product has been manufactured or produced, often influencing consumer perceptions and purchasing decisions.

Purchaser Choice

The decision made by consumers regarding which products or services to buy among available options.

Market Belief

An assumption or conviction held by consumers or market participants about the market or specific aspects of the market, influencing their behaviors and decisions.

Zipf's Law

A statistical distribution principle stating that in a given dataset, the frequency of any item is inversely proportional to its rank in the frequency table.