What is volume of output that maximizes commodity profit

Reference no: EM13224168

Commodity Inc. operates in a competitive market. Its total cost of production is given by TC = 800 + 18 Q + 2 Q2, and thus its marginal cost is MC = 18 + 4 Q. The market price is currently P = $54. In the short run, what is the volume of output that maximizes Commodity Inc.'s profits.

Reference no: EM13224168

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