Consider the following model of a firm. The firm produces a single type of good. The firm can sell as any units of the good as it wishes at price p per unit. The cost of producing the good remains constant at c regardless of how many units are produced.  the firm chooses the number of units to produce. Which of the following expressions correctly represents the profit of the firm when q units of the good are produced? a. cq-pq b. tr-mc c. q(p-c) d. pq-c

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 55E
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Consider the following model of a firm. The firm produces a single type of good. The firm can sell as any units of the good as it wishes at price p per unit. The cost of producing the good remains constant at c regardless of how many units are produced.  the firm chooses the number of units to produce.

Which of the following expressions correctly represents the profit of the firm when q units of the good are produced?

a. cq-pq

b. tr-mc

c. q(p-c)

d. pq-c

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