Assume that a firm operating in a perfectly competitive market estimates its cost function as:
$$T C ( Q ) = 100 + Q + 0.5 Q ^ { 2 }$$ If we assume that the market price of each unit of output is $100, what should the profit maximizing level of output be?

Question

Assume that a firm operating in a perfectly competitive market estimates its cost function as:
 $$T C ( Q ) = 100 + Q + 0.5 Q ^ { 2 }$$ If we assume that the market price of each unit of output is $100, what should the profit maximizing level of output be?

Quizplus · Accepted Answer

The Answer of Assume that a firm operating in a perfectly competitive market estimates its cost function as:
 $$T C ( Q ) = 100 + Q + 0.5 Q ^ { 2 }$$ If we assume that the market price of each unit of output is $100, what should the profit maximizing level of output be?

Assume That a Firm Operating in a Perfectly Competitive Market TC(Q)=100+Q+0.5Q2T C ( Q ) = 100 + Q + 0.5 Q ^ { 2 }TC(Q)=100+Q+0.5Q2

Assume That a Firm Operating in a Perfectly Competitive Market $T C ( Q ) = 100 + Q + 0.5 Q ^ { 2 }$