The Cost Per Unit of Producing a Product Is

question 217

Multiple Choice

The cost per unit of producing a product is dollars, where x represents the number of units produced per week. If the equilibrium price determined by a competitive market is $120, how many units should the firm produce and sell each week to maximize its profit? ​

• A) 16
• B) 8
• C) 64
• D) none
• E) as many as possible

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