Q. 56 The cost function for a product in a firm is given by 5q2, where q is the amount of
production. The firm can sell the product at a market price of Rs 50 per unit. The
number of units to be produced by the firm such that the profit is maximized is
(A) 5
(B) 10
(C) 15
(D) 25
Answer: (A)
Explanation:
