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Exercise 10.1 Suppose that Quality Widgets Limited is an efficient small firm with cost function C(q) =93 - 10q2 + 100g + 196 and suppose

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Exercise 10.1 Suppose that Quality Widgets Limited is an efficient small firm with cost function C(q) =93 - 10q2 + 100g + 196 and suppose also that the maximum level of weekly production is L = 10. Determine: (a) their fixed cost, (b) their profit function, (c) their startup point, (d) their breakeven point, (e) their supply set

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