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Business, 22.07.2020 22:01 lexus7493

Consider the following cost function for a firm in an industry where there are many such firms: C = (0.002q^3) + (22q) + 750, Revenue as a function of output, q, is: R = 80q. Marginal cost (MC) for this firm is: MC= If the firm produces 150 units of output, marginal profit > 0. B. R < C. C. MR > MC. D. MR < MC. 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 equals. (Round your response to the nearest integer.)

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Consider the following cost function for a firm in an industry where there are many such firms: C =...
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