A competitive firm has a cost function C-2q³-12q²+20q+100. The optimal output at price of 92 is a. b. C. d. c. a. b. None of the above. A competitive firm has a cost function C-2q³-12q²+20q+100. At price 92, the optimal profit is C. d. e. a. b. C. d. c. 10. 8. A competitive firm has a cost function C-2q³-12q²+20q+100. At price 92, the optimal producer surplus is 6. 50 -220. 634. 529. 332. None of the above. C. d. e. -120. 734. 629. A competitive firm has a cost function C-2q³-12q²+20q+100. The firm's supply curve is given by 432. None of the above. a. b. P-6q²-24q+20 for q20. P-6q²-24q+20 for q23. P-2q-12q¹+20q+100 for q20. 2q-12q²+20q+100 for q≥12. None of the above.
A competitive firm has a cost function C-2q³-12q²+20q+100. The optimal output at price of 92 is a. b. C. d. c. a. b. None of the above. A competitive firm has a cost function C-2q³-12q²+20q+100. At price 92, the optimal profit is C. d. e. a. b. C. d. c. 10. 8. A competitive firm has a cost function C-2q³-12q²+20q+100. At price 92, the optimal producer surplus is 6. 50 -220. 634. 529. 332. None of the above. C. d. e. -120. 734. 629. A competitive firm has a cost function C-2q³-12q²+20q+100. The firm's supply curve is given by 432. None of the above. a. b. P-6q²-24q+20 for q20. P-6q²-24q+20 for q23. P-2q-12q¹+20q+100 for q20. 2q-12q²+20q+100 for q≥12. None of the above.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:A competitive firm has a cost function C=2q³-12q²+20q+100. The optimal output at price
of 92 is
a.
b.
C.
d.
e.
a.
b.
C.
d.
e.
A competitive firm has a cost function C=2q³-12q2+20q+100. At price 92, the optimal
profit is
a.
b.
C.
d.
e.
10.
8.
6.
A competitive firm has a cost function C=2q³-12q²+20q+100. At price 92, the optimal
producer surplus is
a.
b.
4.
None of the above.
C.
d.
e.
-220.
634.
529.
332.
None of the above.
-120.
734.
629.
A competitive firm has a cost function C-2q³-12q²+20q+100. The firm's supply curve is
given by
432.
None of the above.
P=2q³-12q²+20q+100 for q20.
P=6q²-24q+20 for q20.
P-6q²-24q+20 for q23.
2q³-12q²+20q+100 for q≥12.
None of the above.
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