For a Particular Perfectly Competitive Firm $S T C = 100 + 20 q + q ^ { 2 }$

question 8

Multiple Choice

For a particular perfectly competitive firm $S T C = 100 + 20 q + q ^ { 2 }$ and $S M C = 20 + 2 q$ , where q is output. If the market price is equal to 40, at what level of output should the firm operate to maximize profit in the short run?

• A) 10
• B) 20
• C) 30
• D) 40

Determine the net price after multiple trade discounts.

Interpret invoice payment terms and calculate discounts.

Calculate final payment amounts after discounts and payments.

Understand and calculate equivalent single rates of discounts from a series.

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