Question: Suppose you estimate the short-run total cost function to be TC = 200 + 10Q + 0.1Q 2 . Also, suppose you can sell every

Suppose you estimate the short-run total cost function to be TC = 200 + 10Q + 0.1Q2.

Also, suppose you can sell every unit produced at a $300 price so you have a marginal revenue of $300 for each unit.

If so, what is your profit maximizing quantity to produce? (Hint: solve for MC = MR or MC = $300 using your derived MC function.)

a)

2450

b)

1450

c)

2150

d)

1850

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