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Suppose that a perfectly competitive firm has Fixed Cost = 75 and Variable Cost = 3q2, so that MC = 6q. If the price is
Suppose that a perfectly competitive firm has Fixed Cost = 75 and Variable Cost = 3q2, so that MC = 6q. If the price is $54, how much will the firm produce, and what is the maximum profit this firm could make? The firm will produce units. The firm's maximum profit is $ . Note: To earn the full 8 points for this question, you must enter the correct numbers in the box AND upload your work, showing how you arrived at your answers. You will upload this work, along with your work for all the other exam questions, as a single pdf at the end of the exam
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