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Suppose a Firm's Profit Is Given by the Equation π\pi = -200 + 80Q - 0

Question 34

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Suppose a firm's profit is given by the equation π\pi = -200 + 80Q - 0.2Q2,where π\pi = profit and Q = quantity.Which of the following is true?


A) The firm's marginal profit [M π\pi ] is given by the equation: M π\pi = 80 - 0.2Q.
B) The firm's profit-maximizing output is Q = 400.
C) The firm's profit-maximizing output is Q = 200.
D) The firm's marginal profit [M π\pi ] is given by the equation: M π\pi = 80 - 2Q.
E) The firm's profit-maximizing output is Q = 800.

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