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At what minimum price will the firm produce a positive

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Reference no: EM13321653

Suppose you are the manager of a watch making firm operating in a competitive market. Your cost of production is given by C = 200 + 2q2, where q is the level of output and C is total cost. (The marginal cost of production 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? :

Reference no: EM13321653

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