A firm’s profit equation is given by: Total Profit = -100 + 160Q – 20Q2 . Therefore, Select one: A. The firm’s fixed cost is 100. B. The firm should produce zero output C. Marginal Profit = 160 – 20Q. D. The firm’s profit-maximizing output is Q = 8.
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A firm’s profit equation is given by: Total Profit = -100 + 160Q – 20Q2 . Therefore,
A. The firm’s fixed cost is 100.
B. The firm should produce zero output
C. Marginal Profit = 160 – 20Q.
D. The firm’s profit-maximizing output is Q = 8.
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