You are the manager of a business in a competitive market and your production

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You are the manager of a business in a competitive market and your production technology is described by the total cost function

C(q)=150+5q+1 /10q ^2

In addition, assume the market price is p = 15 dollars.

Determine the optimal quantity to produce and compute the profit of your business. 

  • 11 years ago
You are the manager of a business in a competitive market and your production
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