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Profit-maximizing output for bartech

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Reference no: EM131086720

Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2015. Bartech's average variable cost function is estimated to be

AVC = 10 - 0.003Q + 0.0000005Q2

Bartech expects to face fixed costs of $12,000 in 2015. The profit-maximizing (or loss-minimizing) output for Bartech is 

  • 0 units
  • 500 units
  • 1,000 units 
  • 2,000 units 
  • 6,000 units

Reference no: EM131086720

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