4. Suppose you are the manager of a watchmaking rm operating in a competitive market. Your cost of pro- duction is given by C = 200 + 2q2, where q is the level of output and C is total cost. (The marginal cost of pro- duction is 4:]; the fixed cost is $200.) a. If the price of watches is $100, how many watches should you produce to maximize profit? b. What will the prot level be? c. At what minimum price will the firm produce a positive output