Known :
the cost function for a company is C (Q) = 100 + Q2. If the company sells its output in a perfectly competitive market and other companies in the industry sell its output at $ 10, at what level of output should the company produce to maximize profits or minimize losses? What is the profit or loss level if the company makes an optimal decision?

Answer rating: 100% (QA)

Profit p sQ c s sale pricesingle item 10 given Q Total num... View the full answer