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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 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.

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
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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.
Transcribed Image Text: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.
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