Multiple Choice
Assume SeatComfy Inc.manufactures table and chairs with the following total cost function,TC = 10,000 + 10Q + 0.1Q2,where Q = quantity of chairs produced.If SeatComfy can sell as many chairs as it wishes at the current market price of $45,how many chairs should it produce to maximize its short-run profits?
A) 350
B) 700
C) 175
D) 45
Correct Answer:
Verified
Correct Answer:
Verified
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