c.Determine algebraically the level of output that yields the maximum profit. Explain your answer!

d.Determine the corresponding maximum profit .[ Do not use the table from part 1]

e.When comparing cost curves, one important lesson is that the Marginal Cost (MC) curve crosses the average total cost (ATC) curve at the lowest point (minimum) of the ATC curve. Find the output level at which MC curve crosses ATC curve at its minimum.

Problem 3

A.You have decided to invest $15,000 in a money market fund that pays you interest at the annual rate of 6% and compounds interests monthly. Your plan is to take out your money in a year and pay taxes on the interest earned. If the corresponding tax rate is 20%, how much money in total will you expect to receive in a year after paying taxes.

B.You just land a new job at XYZ Corporation, and when discussing the benefits related to your new position, the HR manager told you that you can expect $45,000 bonus after 10 years if you stay with the company. Using your managerial economics knowledge, you calculated the corresponding present value of the bonus and found $30,000. What discount rate will give you such results?