The demand curve and marginal revenue curve for red rubber balls are given as follows: q = 16minusp mr = 16minus2q what is the profit-maximizing price?

a.5.5

b. 6

c. 0

d. 4

e. b, c, and d all maximize profit.

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $