Reference no: EM132962761

Suppose that you can sell as much of a product (in integer units) as you like at $61 per unit. Your marginal cost (MC) for producing the qth unit is given by:

MC=9q
MC=9q

• This means that each unit costs more to produce than the previous one (e.g., the first unit costs 9*1, the second unit (by itself) costs 9*2, etc.).

Problem 1: If fixed costs are $50, what is the optimal integer output level? Please specify your answer as an integer.

Problem 2: If fixed costs are $50, what is the profit at the optimal integer output level? Please specify your answer as an integer.

Problem 3: If fixed costs are $85, what is the optimal integer output level? Please specify your answer as an integer.

Problem 4: If fixed costs are $85, what is the profit at the optimal integer output level? Please specify your answer as an integer.