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How many chairs should it produce to maximize its short-run

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Reference no: EM132130007

Assume XYZ Company produces table and chairs with the following total cost function, TC=10,000+10Q+0.2Q2, where Q=quantity of chairs produced. If XYZ Companycan sell as many chairs it wishes at the current market price of $45, how many chairs should it produce to maximize its short-run profits?

Reference no: EM132130007

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