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A representative firm with short-run total cost given by TC = 50 + 2q + 2q2 operates in a competitive industry where the short-run market demand and supply curves are given by QD = 1,410 - 40P and QS = -390 + 20P. Its short-run profit-maximizing level of output is:
a. 0 units.b. 1 unit.c. 2 units.d. 5 units.e. 7 units.
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Write a 500-word paper that explains how the administration and the membership of the Teamsters Union are organized.
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