Question #115845

Explain mathematically how a producer can obtain his optimum level of output that will maximize the profit of the firm. In a perfectly competitive market, the market orice of a commodity is 3 per unit of output(Q) the totel cost function of the firm is given by

c = 1/3 Q - 4Q2 + 10Q + 10 find the profit maximising output.

c = 1/3 Q - 4Q2 + 10Q + 10 find the profit maximising output.

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