The price and cost functions in ringgit of a product are given as p= 600-x and C(x)= 200+6x+2x. If company is producing 95 units of the product, which output level will give more profit from 95 units of production. L 105 II. 100 III. 102 IV. 98
The price and cost functions in ringgit of a product are given as p= 600-x and C(x)= 200+6x+2x. If company is producing 95 units of the product, which output level will give more profit from 95 units of production. L 105 II. 100 III. 102 IV. 98
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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![The price and cost functions in ringgit of a product are given as
A. I, II and III
p=600-x and C(x)= 200+6x+2x'. If company is producing 95 units of the
product, which output level will give more profit from 95 units of production.
B. II, III and IV
L 105
II. 100
C. I, III and IV
III. 102
IV. 98
D. All the Above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2ee0e6d-8455-43db-8c34-a016a6a73fbb%2F7a4f979e-ec67-4547-9da1-fbb2f80f6239%2F0s3pfje_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The price and cost functions in ringgit of a product are given as
A. I, II and III
p=600-x and C(x)= 200+6x+2x'. If company is producing 95 units of the
product, which output level will give more profit from 95 units of production.
B. II, III and IV
L 105
II. 100
C. I, III and IV
III. 102
IV. 98
D. All the Above
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