Mathematics · Theory of Firm
A firm operating under perfect competition faces a market price of ₹50. Its total cost function is TC = 100 + 10Q + 2Q2. Determine the profit-maximizing output level (Q) and the corresponding profit/loss condition.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Q = 10, profit = 0
- 2Q = 10, profit = ₹200
- 3Q = 5, profit = ₹100
- 4Q = 10, profit = ₹100✓
Correct answer
Q = 10, profit = ₹100
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