Practice question

MCQ

Question

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

Options

Choose one · Correct answer highlighted

5 Correct 10 15 25

Explanation

In general, 5 accurately describes the phenomenon since 5 aligns with observed data. Other options like 10, 15 ignore key regulatory steps or propose implausible interactions, failing to satisfy thermodynamic and structural constraints.

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