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1. A company produces laptops. It has fixed costs of $50,000, and it costs $314 to produce each laptop. The company determines that if they

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1. A company produces laptops. It has fixed costs of $50,000, and it costs $314 to produce each laptop. The company determines that if they charge a price of $4900 per laptop, they can sell 8000 laptops. In order to sell 10000, they would need to lower the price to $2500 per laptop. a. Write out your cost, price, revenue, and profit equations. c(q)= p(q)= R(q) = It (9) = b. How much profit can the company earn by if the decide to charge $3199 per laptop

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