Question: A price-taking firm's variable cost function is where Q is its output per week. It has a sunk fixed cost of $3,000 per week. What

A price-taking firm's variable cost function is
VC= Q°, VC-

where Q is its output per week. It has a sunk fixed cost of $3,000 per week.
What is its profit-maximizing output when the price is P = $243? What is the profit maximizing output if the fixed cost is avoidable?

VC= Q, VC-

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Its profitmaximizing output when the price is P 243 is 9 units The profit maximiz... View full answer

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