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Assume that a competitive firm has the total cost function: TC = 1 q 3 4 0 q 2 + 8 5 0 q +

Assume that a competitive firm has the total cost function:

= 1

3 40

2 + 850

+ 1700

Suppose the price of the firm's output

(

sold in integer units

)

is $

700

per unit. How many units should the firm produce to maximize profit?

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