Suppose a Chemical Company Is in a Perfectly Competitive Industry $\mathrm { TC } = \frac { 1 } { 3 } \mathrm { q } ^ { 3 } + 5 \mathrm { q } ^ { 2 } + 10 q + 10$

question 46

Multiple Choice

Suppose a chemical company is in a perfectly competitive industry and has a short run total cost curve of $\mathrm { TC } = \frac { 1 } { 3 } \mathrm { q } ^ { 3 } + 5 \mathrm { q } ^ { 2 } + 10 q + 10$ and a short run marginal cost of SMC = q² + 10q + 10.At the price of 49,how much will be produced?

• A)0
• B)3
• C)5
• D)15

---

Definitions:

Personality Development

The gradual and ongoing change in a person's personality traits and patterns over time, influenced by biological, social, and environmental factors.

Longitudinal Studies

Research methods that involve repeated observations of the same variables over short or long periods of time.

Social Dominance

The degree to which an individual or group can impose their will over others within a social setting, often through a combination of leadership, influence, and hierarchy.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychosocial development of humans across eight stages from infancy to adulthood.