Multiple Choice
Suppose a farmer is a price taker for soybean sales with cost functions given by
TC = .1q2 + 2q + 30
MC = .2q + 2
If P = 6 the profit-maximizing level of profits is
A) 10
B) 20
C) 30
D) -10
Correct Answer:
Verified
Correct Answer:
Verified
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