Multiple choice

The cost function for a product in a firm is given by 5q2 where q is the amount of production. The firm can sell the product at a market price of Rs. 50 per unit. The number of units to be produced by the firm such that the profit is maximised is

  1. 5

  2. 10

  3. 15

  4. 25
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Keep practicing — related questions