Assume XYZ Company produces table and chairs with the

following total cost function, TC=10,000+10Q+0.2Q 2 , where

Q=quantity of chairs produced. If XYZ Company can sell as

many chairs it wishes at the current market price of $35, how

many chairs should it produce to maximize its short-run

profits? (Note that the first derivative of Q 2with respect to Q is

2Q).