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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

/in /by

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

 
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