Spacely Sprockets' short-run cost curve is: 
where q is the number of Sprockets produced and K is the number of robot hours Spacely hires.Currently,Spacely hires 10 robot hours per period.The short-run marginal cost curve is: 
If Spacely receives $250 for every sprocket he produces,what is his profit maximizing output level? Calculate Spacely's profits.
Definitions:
Free Rider Problem
A situation where individuals consume a public good without contributing to its cost, benefitting from others' contributions.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability to others.
Public Goods
Goods or services that are available for all to consume, regardless of payment, such as public parks or national defense.
Economic Efficiency
A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
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