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QUESTION
The total cost of production of a firm in a competitive market is TC(Q) = 2,500 + 15 Q + 36 Q 2 . The current market price for the product that the...
The total cost of production of a firm in a competitive market is TC(Q) = 2,500 + 15 Q + 36 Q2. The current market price for the product that the firm sells is P = $13.5. Based on this information, the level of output that maximizes profits is
1 unit 2 units 4 units 0 units
