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Find the profit-maximizing monthly quantity

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Reference no: EM131971891

1a. A small firm produces generic waterproof phone cases. It can sell all it is capable of producing at the market price of $15each. Its Monthly cost function is

TC=4500 + 0.2Q + 0.025Q²

i. Find the profit-maximizing monthly quantity

ii. Find the Monthly profit

iii. Should the firm continue to operate in the short run? Very briefly, why or why not?

1b. The firm now finds a way to distinguish their product. It now faces a demand of Q = 344 - 4P

If they charge one price to all customers,

i. Find the profit-maximizing monthly quantity

ii. Find the profit-maximizing price

iii. Find the level of profits.

1c. The same firm can now employ first degree price discrimination perfectly.

i. Find the profit-maximizing monthly quantity

ii. Find the level of profits

Reference no: EM131971891

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