p= 130 - 2Q.The firm's cost curve isC(Q) = 20 + 6Q.What is the profit-maximizing solution?The profit-maximizing quantity is O. (Round your answer to two decimal places.)The profit-maximizing price is $. (round your answer to two decimal places.)What is the firm's economic profit?The firm earns a profit of $]. (round your answer to two decimal places.)How does your answer change if C(Q) = 100 + 6Q? The increase in fixed costO A. causes the firm to increase both the price and quantity, and profit increases.O B. has no effect on the equilibrium price and quantity, but profit will decrease.OC. has no effect on the equilibrium quantity, but the equilibrium price increases and profit increases.OD. has no effect on the equilibrium quantity, but the equilibrium price increases and profit decreases.

The expenses occurred during the output production depicts the total cost (TC). The revenue occurred…

Answered: orofit-maximizing quantity is

Business

Economics

orofit-maximizing quantity is

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter12: Firms In Perfectly Competitive Markets

Section: Chapter Questions

Problem 9P

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