Solved

Bartech,Inc AVC=100.003Q+0.0000005Q2A V C = 10 - 0.003 Q + 0.0000005 Q ^ { 2 }

Question 70

Multiple Choice

Bartech,Inc.is a firm operating in a competitive market.The manager of Bartech forecasts product price to be $28 in 2021.Bartech's average variable cost function is estimated to be AVC=100.003Q+0.0000005Q2A V C = 10 - 0.003 Q + 0.0000005 Q ^ { 2 } Bartech expects to face fixed costs of $12,000 in 2021.The profit-maximizing (or loss-minimizing) output for Bartech is


A) 0 units
B) 500 units
C) 1,000 units
D) 2,000 units
E) 6,000 units

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions