If the Market Price Is $15 and Marginal Cost Is

question 69

Multiple Choice

If the market price is $15 and marginal cost is represented by the equation 2 × Q,where Q is in thousands of units,what is the profit-maximizing quantity?

• A) 15,000
• B) 8,000
• C) 7,000
• D) 7,500
• E) 30,000

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Definitions:

Spongy Bone

Spongy bone, also known as cancellous bone, is less dense bone that is found at the ends of long bones and in the inner layers of other bones, characterized by a porous structure.

Diaphysis

The shaft or central part of a long bone, typically cylindrical in shape and containing the marrow cavity.

Epiphyseal Lines

Remnants of the epiphyseal plate in long bones, signifying the end of bone growth in length.

Articular Cartilage

A soft, white substance that envelops the ends of bones at their joint intersections, minimizing friction and cushioning impacts.