Multiple Choice
A profit-maximizing firm's total cost is given by C = 50 + 25Q where Q is the quantity produced. Given that the firm sells 40 units of the good at $55 each, what is the firm's contribution?
A) $2,200
B) $200
C) $1,200
D) $1,000
E) $2,100
Correct Answer:
Verified
Correct Answer:
Verified
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