A Price-Taking Firm's Variable Cost Function Is C = Q³,where

question 48

Multiple Choice

A price-taking firm's variable cost function is C = Q³,where Q is the output per week.It has an avoidable fixed cost of $2,000 per week.Its marginal cost is MC = 3Q².What is the profit maximizing output if the price is P = $192?

• A) 0
• B) 6
• C) 8
• D) 10

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Definitions:

Enthusiasm For Jobs

A high level of excitement and dedication towards one's work or employment.

Constant Interruptions

Recurring disruptions that break the continuity of work, leading to decreased productivity and increased stress.

Inventory Control

Management of inventory levels, orders, sales, and deliveries to ensure availability of goods without excessive supply.

Financial Problems

Difficulties in managing money, which may include maintaining cash flow, handling debt, or managing investments.