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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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