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Business, 17.08.2021 03:30 eburnhisel2023

You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C = 40 + 5Q^2. (Therefore, it's marginal cost function is MC = 10Q.) 1. The profit-maximizing output for your firm is:.a. 0.8.b. 5.c. 10.d. 45.2. Your firm's maximum profits are:.a. 85.b. 100.c. 125.d. 250.

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