What is firms profit-maximizing output


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?

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Microeconomics: What is firms profit-maximizing output
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