Consider a corporation that has a total cost of TC = 6Q2 + 30. If the market is perfectly competitive and the price is P = $43, then this corporation's profit maximizing choice for Q is and the last unit produced will generate a marginal cost of O 3: $30 O 3: $42 O 4: $42 4; $30

Consider a corporation that has a total cost of TC = 6Q2 + 30. If the market is perfectly competitive and the price is P = $43, then this corporation's profit maximizing choice for Q is and the last unit produced will generate a marginal cost of O 3: $30 O 3: $42 O 4: $42 4; $30

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 3E

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Question

Consider a corporation that has a total cost of TC = 6Q2 + 30. If the market is perfectly
competitive and the price is P = $43, then this corporation's profit maximizing choice for Q is
and the last unit produced will generate a marginal cost of_________
3; $30.
O 3: $42
O 4: $42
O 4: $30

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