Business, 28.11.2019 03:31, nawafcanada
Suppose you are the manager of a watchmaking firm operating in a competitive market. your cost of production is given by cequals100plus2q squared, a. where q is the level of output and c is total cost. (the marginal cost of production, mc (q ), is 4q; the fixed cost, fc, is $100). b. if the price of a watch is $120, how many watches should you produce to maximize profits? c. you should produce 30 watches. (enter your response as an integer.) d. what will the profit level be? e. profit will be $ 1700. (enter your response rounded to two decimal places.) f. at what minimum price will the firm produce a positive output? g. in the short run, the firm will produce if price is greater than $ nothing per watch.
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Suppose you are the manager of a watchmaking firm operating in a competitive market. your cost of pr...
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