Solved

Suppose That a Firm Faces a Demand Curve for Its P=10QdP = 10 - Q ^ { d }

Question 28

Multiple Choice

Suppose that a firm faces a demand curve for its product of P=10QdP = 10 - Q ^ { d } . The corresponding marginal revenue curve is MR=102QM R = 10 - 2 Q . The firm has a constant marginal cost of $4 per unit. If the firm engages in uniform pricing, what price will the firm charge?


A) $7.
B) $5.
C) $4.
D) $3.

Correct Answer:

verifed

Verified

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

Related Questions