4 Question 7 (1 point)

Suppose you estimate the short-run total cost function to be TC = 200 + 10Q + 0.1Q². Also, suppose you can sell every unit produced at a $300 price so you have a marginal revenue of $300 for each unit. If so, what is your profit maximizing quantity to produce? (Hint: solve for MC = MR or MC = $300 using your derived MC function.)

Question 7 options:

a)

1450

b)

2450

c)

1850

d)

2150