Question: Currently a firm with a cost function C ( Q ) = 1 2 Q 2 is producing 2 5 units. If the price they

Currently a firm with a cost function C(Q)=12Q2 is producing 25 units. If the price they sell their products for is $27, how would you describe their situation
a. They are producing too much
b. They are maximizing profit
c. They aren't producing enough
d. Impossible to tell
Answer:
Currently a firm with a cost function C(Q)=12Q2 is producing 25

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