QUESTION 19 The competitive market price of long-haul trucking is $3 per ton-mile. Red Raider Trucking is a competitive producer of long-haul trucking and has the following cost functions that depend on Q the quantity of ton-miles hauled: TC = 29.6875 + 1.75 Q + 0.025 Q? How large are Red Raider Trucking's profits ir the optimal output level is chosen? and MC = 1.75 + 0.05 0. O 25 O 29.6875 O 45.3125 O 75

QUESTION 19 The competitive market price of long-haul trucking is $3 per ton-mile. Red Raider Trucking is a competitive producer of long-haul trucking and has the following cost functions that depend on Q the quantity of ton-miles hauled: TC = 29.6875 + 1.75 Q + 0.025 Q? How large are Red Raider Trucking's profits ir the optimal output level is chosen? and MC = 1.75 + 0.05 0. O 25 O 29.6875 O 45.3125 O 75

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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