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  1. The cost function for a product in a firm is given by 5q2, where q is the amount of production. The firm can sell the product at a market price of 50 per unit. The number of units to be produced by the firm such that the profit is maximized is 

  2. (A) 5 

    (B) 10 

    (C) 15 

    (D) 25 

asked Jul 11, 2016 in Other Subjects by CompleteGATE-AskUS (3,550 points) | 66 views

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(A) 5
answered Jul 11, 2016 by ebeisaac (13,250 points)
selected Jul 11, 2016 by CompleteGATE-AskUS
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