Business, 25.04.2020 00:43 chilanka

Suppose a competitive firm has cost, C = (0.002q3) + (22q) + 750, marginal cost, MC = 0.006q2 + 22, and revenue, R = 80q. If the firm produces 150 units of output, A. MR < MC. B. MR > MC. C. marginal profit > 0. D. R < C. At this output level (150 units), A. profit is negative. B. marginal profit is negative. C. profit is positive. D. None of the above. E. A and B. F. B and C. The firm's profit maximizing level of output (rounded to the nearest integer) is A. 98. B. 1,000. C. 750. D. None of the above.

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Suppose a competitive firm has cost, C = (0.002q3) + (22q) + 750, marginal cost, MC = 0.006q2 + 22,...

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