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 26

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 385,how much will be produced?

• A)0
• B)3
• C)5
• D)15

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Definitions:

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Sounds heard in the lungs during inhalation that are indicative of fluid in the air spaces, which can be associated with conditions like pneumonia or heart failure.

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Abnormal condition characterized by impaired functioning of the left ventricle caused by elevated pressures and pulmonary congestion.

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The physiological process of taking in oxygen from the air and expelling carbon dioxide, essential for life in many organisms.

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A valve in the heart that lies between the left atrium and left ventricle, which ensures one-way flow of blood from the atrium to the ventricle.