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A Firm's Marginal Cost Is Constant at $40 Per Unit

Question 48

Multiple Choice

A firm's marginal cost is constant at $40 per unit. If it's demand curve is described by the equation P = 150 - Q, which of the following will be it's profit maximizing loss-minimizing) output:


A) Q = 55
B) Q = 110
C) Q = 80
D) Q = 40
E) Q = 220

Correct Answer:

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