(1aME)I need an urgent answer for this one!Instructions: 1. Show your complete solution to the problem. 2. State clearly your assumptions in your solution. 3. Type only the solutions here, please do not handwritten it. NOTE: ANSWER ONLY LETTER D&E. 1. Given: TC = 800 + 10g +1.5g;Price = 100a. Identify the output level(q*) that will maximize theprofit of the firm.b. Calculate the firm's profit.If Price falls to 40,c. Identify the new profit-maximizing output level.d. Assess if the firm gainingprofits or incurring lossesand how much.e. Justify why the firm shouldcontinue to produce at thisprice or not.

Answer: (d). To find whether the firm is gaining profit or loss the quantity from part (c) is…

Answered: 1. Given: TC = 800 + 10g +1.5q ; Price…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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(1aME) I need an urgent answer for this one! Instructions: 1. Show your complete solution to the problem. 2. State clearly your assumptions in your solution. 3. Type only the solutions here, please do not handwritten it. NOTE: ANSWER ONLY LETTER D&E.

1. Given: TC = 800 + 10g +1.5g;
Price = 100
a. Identify the output level
(q*) that will maximize the
profit of the firm.
b. Calculate the firm's profit.
If Price falls to 40,
c. Identify the new profit-
maximizing output level.
d. Assess if the firm gaining
profits or incurring losses
and how much.
e. Justify why the firm should
continue to produce at this
price or not.

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I just want to ask for you a request to answer the letters a, b, & c, in the given photo I've attached above.

I'm looking forward for your urgent response. Please type only the answers as what you did, do not handwritten it.

Note: Remove dollars sign in your as there's no money sign included in the given situation. Thank you and have a great day!

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