A Company Has a Cost Function $C ( x ) = 200 - 50 x + x ^ { 2 }$

question 267

Multiple Choice

A company has a cost function $C ( x ) = 200 - 50 x + x ^ { 2 }$ and demand function $p ( x ) = 50 - x$ . How many units should it make to maximize its profit?

• A)15
• B)25
• C)8
• D)5
• E)30
• F)10
• G)20
• H)35

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Definitions:

Amortization

The method of slowly depreciating the initial value of an intangible asset over its lifetime.

Exchange Rates

The price at which one currency can be exchanged for another currency.

Amortization Expense

The periodic reduction in the book value of an intangible asset over its useful life.

Functional Currency

The currency of the primary economic environment in which an entity operates, generally used in preparing financial statements.