Question: 8. A price-taking firm's variable cost function is C =Q'. where Q is the output per week. It has a sunk fixed cost of $2,000


8. A price-taking firm's variable cost function is C =Q'. where Q is the output per week. It has a sunk fixed cost of $2,000 per week. Its marginal cost is MC = 3Q'. What is the profit maximizing output if the price is P = $192? B) a C) 8 10
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
