Suppose that you can sell as much of a product (in integer units) as you like at $6 8 per unit. Your marginal cost (MC) for producing the qth unit is given by: MC = 10g This means that each unit costs more to produce than the previous one (e.g., the first unit costs 10*1, the second unit (by itself) costs 10*2, etc.). If fixed costs are $60, what is the profit at the optimal integer output level? Please specify your answer as an integer. If fixed costs are $60, what is the optimal integer output level? Please specify your answer as an integer. If fixed costs are $95, what is the optimal integer output level? Please specify your answer as an integer. If fixed costs are $ 95, what is the profit at the optimal integer output level? Please specify your answer as an integer.

Suppose that you can sell as much of a product (in integer units) as you like at $6 8 per unit. Your marginal cost (MC) for producing the qth unit is given by: MC = 10g This means that each unit costs more to produce than the previous one (e.g., the first unit costs 101, the second unit (by itself) costs 102, etc.). If fixed costs are $60, what is the profit at the optimal integer output level? Please specify your answer as an integer. If fixed costs are $60, what is the optimal integer output level? Please specify your answer as an integer. If fixed costs are $95, what is the optimal integer output level? Please specify your answer as an integer. If fixed costs are $ 95, what is the profit at the optimal integer output level? Please specify your answer as an integer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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