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

question 37

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 KGC's profit at the profit maximizing sales price?

• A) $30,000
• B) $90,000
• C) $120,000
• D) -$30,000

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Definitions:

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