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The cost function for a product in a firm is given by 5q2, where q is the amount of production. Thefirm can sell the product at a market price of Rs. 50 per unit. The number of units to be produced bythe firm such that the profit is maximized isa)5b)10c)15d)25Correct answer is option 'A'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about The cost function for a product in a firm is given by 5q2, where q is the amount of production. Thefirm can sell the product at a market price of Rs. 50 per unit. The number of units to be produced bythe firm such that the profit is maximized isa)5b)10c)15d)25Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The cost function for a product in a firm is given by 5q2, where q is the amount of production. Thefirm can sell the product at a market price of Rs. 50 per unit. The number of units to be produced bythe firm such that the profit is maximized isa)5b)10c)15d)25Correct answer is option 'A'. Can you explain this answer?.

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