What will be profit-maximizing output, Business Management

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What will be profit-maximizing output

A firm has the following total and marginal cost functions, where Q is output per week:

STC = 500 + 20Q + .05Q2
SMC = 20 + .1Q

What will be its profit-maximizing output, assuming it faces a fixed market price of $40 for its product? How much will the maximum profit be?

A) $1,000

B) $1,200

C) $1,500

D) $1,800

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Business Management: What will be profit-maximizing output

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Recent Questions Asked Business Management

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Business Management: What will be profit-maximizing output

Reference No:- TGS0106458

Recent Questions Asked Business Management

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