Consider your firm, a profit-maximizing firm, is the only seller in a particular market. Your marketing research department has estimated the demand, and the marginal revenue for your firm's product and they are described by the following equations: P = 15 - 0.025Q and MR = 15 - 0.05Q. Further, consider that the firm's fixed cost is $100, and the firm's marginal cost and average total cost are described by the equations MC = 3 + 0.05Q and AVC = 3 + 0.025Q.

(Question 1 of 10)

Given the current market environment, what quantity does your firm produce?