solved : Assume that a competitive firm has the total cost function:
Assume that a competitive firm has the total cost function: TC=1q 3…Assume that a competitive firm has the total cost function_TC=1q3-40q2????=1q3-40q2?????? the price of the firm’s output (sold in integer units) is $550 per unit.How many units should the firm produce to maximize profit?What is the total profit at the optimal output level?Business Economics
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