Multiple Choice
Use the following information to answer Questions.
Sport Tee Corporation manufactures T-shirts bearing the logos of professional baseball and football teams. The wholesale market for sport T-shirts is perfectly competitive.The manager forecasts the wholesale price of T-shirts next year to be $7.00. The firm's estimated marginal cost is where Q is the number of T-shirts produced and sold each month. Sport Tee Corporation will have a fixed cost of $2,000 per month.
-At the profit-maximizing level of output total revenue will be
A) $10,000
B) $15,000
C) $20,000
D) $25,000
E) $35,000
Correct Answer:

Verified
Correct Answer:
Verified
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