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A firm's total cost and marginal cost functions are: TC = 10 Q 2 + 2 Q - 2 and MC = 20 Q +

  1. A firm's total cost and marginal cost functions are: TC = 10 Q2+ 2 Q - 2 and MC = 20 Q + 2. Assume that the market price is 62 and that the marginal revenue (MR) is also 62 at all output levels. What is the profit-maximizing output level?

a.2

b.3

c.4

d.None of the other choices

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