The cost function for a product in a firm is given by \(5q^2\) , where \(q\)…
2012
The cost function for a product in a firm is given by \(5q^2\) , where \(q\) is the amount of production. The firm can sell the product at a market price of ₹ 50 per unit. The number of units to be produced by the firm such that the profit is maximized is
- A.
5
- B.
10
- C.
15
- D.
25
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Correct answer: A
