1. Suppose marginal costs are $40 and constant. Demand curve of the firm is D = 200-2Q....

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1. Suppose marginal costs are $40 and constant. Demand curve of the firm is D = 200-2Q. What is the profit maximising outputs and price?
a. 40units and $40
b. 40units and $120
c. 100units and $40
d. 100units and $120

Related Book For answer-question

Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1412991698

8th edition

Authors: Harry Wolk, James Dodd, John Rozycki

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Posted Date: Jun 01, 2020 02:50 PM

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1. Suppose marginal costs are $40 and constant. Demand curve of the firm is D = 200-2Q....

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Accounting Theory Conceptual Issues in a Political and Economic Environment

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