Part 1)

Global Corp. sells its output at the market price of $7 per unit. Each plant has the costs shown below: Units of Output Total Cost ($) 5 H 8 2 14 3 23 35 50 6 68 7 89 How many units of output should each plant produce? Please specify your answer as an integer.Suppose that you can sell as much of a product (in integer units) as you like at $46 per unit. Your marginal cost (MC) for producing the qth unit is given by: MC = 7q This means that each unit costs more to produce than the previous one (e.g., the first unit costs 7*1, the second unit (by itself) costs 7*2, etc.). If fixed costs are $70, what is the profit at the optimal integer output level? Please specify your answer as an integer.Assume that a competitive firm has the total cost function: TC = 1q' - 40q2 + 820q + 1900 Suppose the price of the firm's output (sold in integer units) is $600 per unit. By creating tables (but not using calculus) with columns representing cost, revenue, and profit to find a solution, how many units should the firm produce to maximize profit? Please specify your answer as an integer