A firm selling corn is operating in a perfectly competitive market. The prevailing price in the market is $5 per bushel and the firm's total cost function is estimated to be $$T C = 10 + 2 Q + Q ^ { 2 }$$ . What is the optimal or profit maximizing output? Is the firm making economic profit?

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The Answer of A firm selling corn is operating in a perfectly competitive market. The prevailing price in the market is $5 per bushel and the firm's total cost function is estimated to be $$T C = 10 + 2 Q + Q ^ { 2 }$$ . What is the optimal or profit maximizing output? Is the firm making economic profit?

A Firm Selling Corn Is Operating in a Perfectly Competitive TC=10+2Q+Q2T C = 10 + 2 Q + Q ^ { 2 }TC=10+2Q+Q2

A Firm Selling Corn Is Operating in a Perfectly Competitive $T C = 10 + 2 Q + Q ^ { 2 }$