Beta Laundry's cost function is C(q) = 60 + 16q +q?. What quantity maximizes the firm's profit if the market price is p? The quantity that maximizes the firm's profit (as a function of p) is q = (enter equation) How much does it produce if p= $42? The firm produces units. (Enter your response as a whole number.) If the government imposes a specific tax of t= 2, what quantity maximizes its after-tax profit? With the tax, the profit-maximizing quantity for the firm to produce is units. (Enter your response as a whole number.)

Beta Laundry's cost function is C(q) = 60 + 16q +q?. What quantity maximizes the firm's profit if the market price is p? The quantity that maximizes the firm's profit (as a function of p) is q = (enter equation) How much does it produce if p= $42? The firm produces units. (Enter your response as a whole number.) If the government imposes a specific tax of t= 2, what quantity maximizes its after-tax profit? With the tax, the profit-maximizing quantity for the firm to produce is units. (Enter your response as a whole number.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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