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Business, 16.04.2020 01:44 brendaandrade1889

Suppose a competitive firm has cost, C = (0.002q3) + (22q) + 750, marginal cost, MC = 0.006q2 + 22, and revenue, R = 80q. If the firm produces 150 units of output, A. R < C. B. MR < MC. C. marginal profit > 0. D. MR > MC. At this output level (150 units),

A. profit is negative.
B. marginal profit is negative.
C. profit is positive.
D. None of the above.

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Suppose a competitive firm has cost, C = (0.002q3) + (22q) + 750, marginal cost, MC = 0.006q2 + 22,...

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