You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C = 40 + 5Q^2. (Therefore, it's marginal cost function is MC = 10Q.) 1. The profit-maximizing output for your firm is:.a. 0.8.b. 5.c. 10.d. 45.2. Your firm's maximum profits are:.a. 85.b. 100.c. 125.d. 250.

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.