Question: If your estimated Total Cost function is TC = 100 + 10Q + 0.02Q 2 , Your current output is Q = 1000. Given your

If your estimated Total Cost function is TC = 100 + 10Q + 0.02Q², Your current output is Q = 1000. Given your Marginal Cost at Q = 1000 units, if you can sell every unit you make at the price P=$70 then your current output of Q=1000 is

a)too low, you could increase profits if you increased your output

b)I would not pick this answer

c)too high, you could increase profits if you decreased your output

d)the profit maximizing level of output

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