мса 19 A price-setting firm faces a downward-sloping demand curve described by the equation P = 100 - Q. The firm can produce additional units of output at a constant marginal cost of 20 and its total...

Extracted text: мса 19 A price-setting firm faces a downward-sloping demand curve described by the equation P = 100 - Q. The firm can produce additional units of output at a constant marginal cost of 20 and its total fixed costs are 300. Faced with these revenue and cost conditions, if the firm sets production at Q = 50 we can deduce that: A output is below the profit-maximising level В the firm is incurring losses C the firm is maximising total profits D I do not want to answer this question. E the firm is maximising total sales revenue F total variable cost is less than total fixed cost