Question: 2. Consider the following cost function for a firm in an industry where there are many such firms: C = (0.002q3) + (22q) + 750,

2. Consider the following cost function for a firm in an industry where there are many such firms: C = (0.002q3) + (22q) + 750, Revenue as a function of output, q, is: R= 80q. The firm's objective is to maximize profits. How much should the firm in this industry optimally produce?

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