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1. Total cost is given by 36-4q+q2 where q2 is q squared. If the price is 20, how much will this firm produce. 10 12

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1. Total cost is given by 36-4q+q2 where q2 is q squared. If the price is 20, how much will this firm produce. 10 12 6 14 24 QUESTION 2 1. At a price of 20, the firms profits are 120 108 124 132 144 QUESTION 3 1. Assume the price is 20. Assume further that there is an increase in fixed costs of 20. The firm will produce an output of 12 10 6 14 121

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