Suppose Kate's Great Crete (KGC)has Annual Variable Costs of

question 1

Multiple Choice

Suppose Kate's Great Crete (KGC) has annual variable costs of and marginal costs of ,where Q is the number of cubic yards of concrete it produces per year.In addition,it has an avoidable fixed cost of $50,000 per year.KGC's demand function is What is the profit maximizing sales quantity?

• A) 20
• B) 2,000
• C) 8,000
• D) 0

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