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Marginal Analysis Assume that a competitive firm has the total cost function: TC=1q 3 40q 2 +770q+1700 Suppose the price of the firm's output (sold...
Marginal Analysis
Assume that a competitive firm has the total cost function:
TC=1q3 − 40q2 +770q+1700
Suppose the price of the firm's output (sold in integer units) is $600 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.