Question: A price-taking firm's variable cost function is C = Q 3 , where Q is the output per week. It has an avoidable fixed cost

A price-taking firm's variable cost function is C = Q³, where Q is the output per week. It has an avoidable fixed cost of $1,024 per week. Its marginal cost is MC = 3Q². What is the profit maximizing output if the price is P = $192?

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