Suppose That Dent Carr's Long-Run Total Cost of Repairing S

question 28

Multiple Choice

Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s) = 3s2 +12.If the price he receives for repairing a car is $24, then in the long run, how many cars will he fix per week if he maximizes profits?

• A)6
• B)4
• C)0
• D)8
• E)12

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Definitions:

Total Assets

The sum of all assets owned by a company, including current, non-current, tangible, and intangible assets.

Financial Ratios

Quantitative measures derived from financial statement analysis used by stakeholders to evaluate a company's financial health and performance.

Prior Period

Prior period refers to any accounting period that preceded the current reporting period, typically used in financial reporting and analysis.

Current Position Analysis

A company’s ability to pay its current liabilities.