Assume SeatComfy Inc. produces table and chairs with the following total cost function, TC=10,000+10Q+0.1Q2, where Q=quantity of chairs produced. If SeatComfy can sell as many chairs it wishes at the current market price of $45, how many chairs should it produce to maximize its short-run profits?
A) 350
B) 700
C) 175
D) 45
Correct Answer:
Verified
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