Question
Ouroboros' total cost (TC) as a function of its production level q is given by the equation below: TC(q)=2212,000q+30,000,000 How much is the fixed cost
Ouroboros' total cost (TC) as a function of its production level q is given by the equation below:
TC(q)=2212,000q+30,000,000
How much is the fixed cost of production for Ouroboros? (5 points)
If q=5,000, how much is the total cost for Ouroboros? (5 points)
Evaluate the marginal cost for Ouroboros when q=3,000. (5 points)
For this part, suppose that Ouroboros has two corporate customers. The first corporations' demand as a function of Ouroboros' price is given by ()=10,000 and the second corporation's demand function is given by()=20,000. Calculate Ouroboros' maximum possible profit level. (15 points)
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