Suppose TC = 10 + (0.1 * q2). If p = 10, the firm's profits will be
A. 240.
B. 250.
C. 260.
D. -10 because the firm will shut down.
Answer:A
Suppose TC = 10 + (0.1 * q2). If p = 10, the firm's profits will be
A. 240. B. 250. C. 260. D. -10 because the firm will shut down.