Latest Gate Aptitude Question SOLUTION: The cost function for a product in a firm is given by 5q^2, where q is the amount of production. The firm can sell the product at a market price of 50 per unit. The number of units

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(#M40029664) GATE question GATE-Aptitude Keep an EYE

The cost function for a product in a firm is given by 5q^2, where q is the amount of production. The firm can sell the product at a market price of 50 per unit. The number of units to be produced by the firm such that the profit is maximized is
option
(A) 5
(B) 10
(C) 15
(D) 25

Asked In Gate Rats (11 years ago)

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