Assume SeatComfy Inc

question 23

Multiple Choice

Assume SeatComfy Inc.manufactures table and chairs with the following total cost function,TC = 10,000 + 10Q + 0.1Q²,where Q = quantity of chairs produced.If SeatComfy can sell as many chairs as it wishes at the current market price of $45,how many chairs should it produce to maximize its short-run profits?

• A)350
• B)700
• C)175
• D)45

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Definitions:

Business Documents

Written records that are essential for the operation and management of a business, including reports, memos, contracts, and policies.

Techniques

Methods or ways of carrying out a particular task, especially in a skilled or artistic work.

Functions

The roles or activities that are natural to or intended for a person or thing.

Titles

The names given to books, movies, articles, and other works of art or literature to identify and describe them.