Assume that a competitive firm has the total cost function: TC = 1q3 - 40q2 + 870q + 1500 suppose the price of the firm's output (sold in integer units) is $700 per unit. Using tables (but not calculus) to find a solution, how many units should the firm produce to maximize profit? Please specify your answer as an integer.

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From the cost function given I have calculated the cost for different quantities produced Reve... View the full answer