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Elementary,Middle School,High School,College,University,PHD

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Applied Sciences,Chemistry See all
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Teaching Since: Apr 2017
Last Sign in: 363 Weeks Ago, 5 Days Ago
Questions Answered: 352
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  • MBA,PHD in Psychology
    Northwest Florida State College
    Jun-1992 - May-1997

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  • Professor
    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 03 May 2017 My Price 7.00

. Suppose you are the manager of a watchmaking firm operating in a competitive market.

4.     Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of pro- duction is given by C = 200 + 2q2, where q is the level of output and C is total cost. (The marginal cost of pro- duction is 4q; the fixed cost is $200.)

a.    If the price of watches is $100, how many watches should you produce to maximize profit?

b.    What will the profit level be?

c.    At what minimum price will the firm produce a positive output?

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Status NEW Posted 03 May 2017 12:05 PM My Price 7.00

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