Multiple Choice
The market demand for MP3 player is p = 50 - 0.5Q,and the marginal cost for a MP3 player is $10.If Nick receives 60% of the total profit,then
A) Nick will produce 50 MP3 players.
B) Nick receives $500 as profit.
C) total profit is $800.
D) the efficiency in production is not achieved.
Correct Answer:
Verified
Correct Answer:
Verified
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