Problem 2. Basketball Production Balding is a Basketball producing firm that has seen better days. Its technology is old and expensive. Total costs of the old basketball-producing technology are given by TC, 2 50 + 2Q + 0.5Q2, where Q is balls produced per hour. The Balding managers are thinking about hivesttnent in a new technology. Total costs would then be given by: TCN 2100 + 0.14;}2 Balding is pmdudng for the low-quality end of the market, and its basketballs are undifferentiated. The typical price for a ball is $1D, and you may take this as given. a) Under the old technology, what is the prot-maximizing output of Balding? What are prots at this output