Multiple Choice
Suppose that the inverse market demand for a new vaccine is P = 21,000 - 5Q, and the marginal cost is $10 per vaccine. Assuming that the manufacturer is profit-maximizing, how many units of this new vaccine will be produced?
A) 1,200
B) 750
C) 10,500
D) 1,400
E) 1,050
Correct Answer:
Verified
Correct Answer:
Verified
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