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Assume that a competitive firm has the total cost function: TC=1q3-40q2+880q+2000 Suppose the price of the firm's output (sold in integer units) is...
Assume that a competitive firm has the total cost function:
TC=1q3-40q2+880q+2000
Suppose the price of the firm's output (sold in integer units) is $550 per unit.
Using tables (but not calculus) to find a solution, how many units should the firm produce to maximize profit?
Please specify your answer as an integer.
Please show your explanation so I can follow