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The Zinger Corporation manufactures and sells a line of sewing machines. Demand per period for a particular model is given by the following relationship:Q = 400 - .5Pwhere P is price. Total costs (including a "normal" return to the owners) of producing Q units per period are:TC = 20,000 + 50Q + 3Q2. What are total profits at the optimum level of output for Zinger Company?
a. $81,250
b. $812.50
c. $8,125
d. $812,500
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Given output and Total Cost information in the Table below, Complete the following columns: Fixed Costs, marginal Cost, Variable cost, Average Total Cost columns.
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