Suppose TC = 10 + (0.1 q2). If p = 10, the firm’s profit-maximizing
Suppose TC = 10 + (0.1 q2). If p = 10, the firm’s profit-maximizing level of output is
A) 40.
B) 50.
C) 60.
D) 0, since the firm will shut down.
ANSWER
B
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