Question

Table 4. Price in $ Quantity of CDs 24 10,000 22 20,000 20 30,000 18 40,000 16 50,000 14 60,000 38. Refer to Table 4 above. Billie Eilish has just finished recording her latest CD. Her record company's marketing department determines the demand for her new CD as follows. The company can produce the CD with zero fixed costs, and a constant average variable cost of $5 per CD across the scale of production. What quantity of CDs would maximize profit and what would that profit be? a) $Q = 30,000$ CDs b) $Q = 40,000$ CDs c) $Q = 50,000$ CDs d) $Q = 60,000$ CDs 39. Refer to Table 4 above. What would that profit be? a) profit = $250,000 b) profit = $550,000 c) profit = $600,000 d) profit = $800,000

          Table 4.
Price in $
Quantity of
CDs
24
10,000
22
20,000
20
30,000
18
40,000
16
50,000
14
60,000
38. Refer to Table 4 above. Billie Eilish has just finished recording her latest CD. Her record company's marketing
department determines the demand for her new CD as follows. The company can produce the CD with zero
fixed costs, and a constant average variable cost of $5 per CD across the scale of production. What quantity of
CDs would maximize profit and what would that profit be?
a) $Q = 30,000$ CDs
b) $Q = 40,000$ CDs
c) $Q = 50,000$ CDs
d) $Q = 60,000$ CDs
39. Refer to Table 4 above. What would that profit be?
a) profit = $250,000
b) profit = $550,000
c) profit = $600,000
d) profit = $800,000

Table 4.
Price in Quantity of
CDs
24
10,000
22
20,000
20
30,000
18
40,000
16
50,000
14
60,000
38. Refer to Table 4 above. Billie Eilish has just finished recording her latest CD. Her record company's marketing
department determines the demand for her new CD as follows. The company can produce the CD with zero
fixed costs, and a constant average variable cost of5 per CD across the scale of production. What quantity of
CDs would maximize profit and what would that profit be?
a) Q = 30,000 CDs
b) Q = 40,000 CDs
c) Q = 50,000 CDs
d) Q = 60,000 CDs
39. Refer to Table 4 above. What would that profit be?
a) profit = 250,000
b) profit =550,000
c) profit = 600,000
d) profit =800,000

Added by Lisa P.

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