Illustrate what is the profit maximising out put

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Reference no: EM1364045

suppose you are considering growing and selling maize. you would be operating within a competitive market with no influence over price. assume the current price for maize is $70 per 100kg bag and the short run cost function, where Q represents bags of maize per year, is TC=800+16Q+Q^2. Illustrate what is the profit maximising out put?

Reference no: EM1364045

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