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Suppose That the Demand for a Product Produced and Sold

Question 26

Multiple Choice

Suppose that the demand for a product produced and sold by a single U.S. firm in the U.S. market is QUSUS = 10 !2PUS, where output is in million of units. If the marginal cost of production is $2 per unit, the market price per unit is:


A) $2.00.
B) $2.50.
C) $3.50.
D) $4.00.
E) $5.50.

Correct Answer:

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