Consider the following model of a firm. The firm produces a single type of good. The firm can sell as any units of the good as it wishes at price p per unit. The cost of producing the good remains constant at c regardless of how many units are produced.  the firm chooses the number of units to produce. Which of the following expressions correctly represents the profit of the firm when q units of the good are produced? a. cq-pq b. tr-mc c. q(p-c) d. pq-c

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Consider the following model of a firm. The firm produces a single type of good. The firm can sell as any units of the good as it wishes at price p per unit. The cost of producing the good remains constant at c regardless of how many units are produced.  the firm chooses the number of units to produce.

Which of the following expressions correctly represents the profit of the firm when q units of the good are produced?

a. cq-pq

b. tr-mc

c. q(p-c)

d. pq-c

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