If the total cost function for a perfectly competitive firm is TC=50+10q-q2+(1/3)q3 and the market price is $130

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    there is not enough information given to determine the profit maximizing output level.
     the profit maximizing output level q is 10.
     the profit maximizing output level q is 12.
     the profit maximizing output level q is 20.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the profit maximizing output level q is 12.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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