A firm faces the following demand function and total cost (C) function, where q is the firm's output and p is the price: Demand: p = 16-q and Total Cost: C = 4q + 20 A. q= 16/5 B. q = 4 C. q = 2 and q = 10 D. none of these are correct E. q = 4 and q = 5
Demand: p=16-q and Total Cost: C = 4q + 20 At what value(s) of q does the firm break-even?
6 years ago
Answer
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