Assume SeatComfy Inc. manufactures table and chairs with the following total cost function, TC=10,000+10Q+0.1Q2, where Q=quantity of chairs produced. If SeatComfy can sell as many chairs as it wishes at the current market price of $45, how many chairs should it produce to maximize its short-run profits?
A. 45
B. 175
C. 350
D. 700
Answer: B
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