logo
menu
Sign up
  1. Topics
  2. Business
  3. Managerial Economics
  4. Quiz 12: Managerial Decisions for Firms With Market Power

A Firm with Two Plants,a and B,has the Following Estimated

Question 94
Multiple Choice

A firm with two plants,A and B,has the following estimated demand and marginal cost functions: img What is the firm's marginal revenue function? A)MR = 12  (1/5)P B)MR = 12  (1/5)Q C)MR = 120 - 20P D)MR = 120  20Q E)none of the above

Related questions
Q 95
A firm with two plants,A and B,has the following estimated demand and marginal cost functions: What is the firm's total marginal cost function? A)MC = 24 + (1/50)Q B)MC = 10 + (3/15)Q C)MC = (80/15)+ (1/15)Q D)MC = 2 + (1/10)Q
Q 96
A firm with two plants,A and B,has the following estimated demand and marginal cost functions: In order to maximize profit,how many units of output should the firm produce? A)10 B)15 C)25 D)45 E)50
Q 97
A firm with two plants,A and B,has the following estimated demand and marginal cost functions: What is the profit-maximizing price? A)$7 B)$8 C)$9 D)$9.50 E)none of the above
logo
QuizPlus
  • About
  • How it work
  • Pricing
Links
  • Privacy Policy
  • Terms And Conditions
  • Refund Policy
Contact Us
  • info@quizplus.com
© 2020-2021 Cozyplus FZ LLC. All rights reserved