Problem
A price-taking firm's variable cost function is VC = Q3, where Q is its output per week. It has a sunk fixed cost of $3,000 per week. Its marginal cost is MC = 3Q2. What is its profit-maximizing output when the price is P = $243? What if the fixed cost is avoidable?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.