a watch making firm operating in a competitive market.given by c= 100+ q2., where q is the level of output & c is total cost.

Question

a.the price of watches is birr is 60, how many watches produce to maximize profit?

b.what will your profit level be?


c.at what minimum price will you produce a positive output?

Answer 1

Suppose the fixed costs at a widget factory are $500.00 and variable costs per widget are as indicated. Compute the total average costs for each of the following:
Producing 10 widgets when the variable cost is $10 per widget
Total Cost = $ __100_______
Average Cost = $ _________

Producing 20 widgets when the variable cost is $15 per widget
Total Cost = $ _________
Average Cost = $ _________

Producing 100 widgets when the variable cost is $20 per widget
Total Cost = $ _________
Average Cost = $ _________

Answer 2

sove this