Q2 (51 points total) Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes. The market is highly competitive, with boxes currently selling for $100 per thousand. Conigan's total and marginal cost curves are: TC = 3,000,000+ 0.00192 MC = 0.0029 where q is measured in thousand box bundles per year. Question 8 10 pts Q2 (a) (10 points) What is Conigan's profit maximizing quantity? What are Conigan's profits at this quantity? Question 9 10 pts Q2 (b) (10 points) Should Conigan operate or shut down in the short-run? Why or why not? Provide support for your answer. Q1 d) The European sales division of Porsche has devised a clever algorithm that will allow Porsche to determine the willingness to pay of each Mission E customer in Europe. Assume that Porsche is successful at implementing this new pricing scheme and answer the following three questions. Question 5 8 pts Q1 d)) (8 points) How many Mission E's will Porsche sell in Europe under this new pricing scheme? D Question 6 8 pts Q1 d) ii) (8 points) What will Porsche's total profits from Mission E sales be? Assume that this new pricing scheme applies in Europe only, such that US based sales are the same as in part a). Question 7 Q1 d)) (3 points) What conditions are required for Porsche to implement this pricing scheme? 3 pts a Q2 (51 points total) Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes. The market is highly competitive, with boxes currently selling for $100 per thousand. Conigan's total and marginal cost curves are: TC = 3,000,000+ 0.00192 MC = 0.0029 where q is measured in thousand box bundles per year. Question 8 10 pts Q2 (a) (10 points) What is Conigan's profit maximizing quantity? What are Conigan's profits at this quantity? Question 9 10 pts Q2 (b) (10 points) Should Conigan operate or shut down in the short-run? Why or why not? Provide support for your answer. Q1 d) The European sales division of Porsche has devised a clever algorithm that will allow Porsche to determine the willingness to pay of each Mission E customer in Europe. Assume that Porsche is successful at implementing this new pricing scheme and answer the following three questions. Question 5 8 pts Q1 d)) (8 points) How many Mission E's will Porsche sell in Europe under this new pricing scheme? D Question 6 8 pts Q1 d) ii) (8 points) What will Porsche's total profits from Mission E sales be? Assume that this new pricing scheme applies in Europe only, such that US based sales are the same as in part a). Question 7 Q1 d)) (3 points) What conditions are required for Porsche to implement this pricing scheme? 3 pts a