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.).

QUESTION

1. If fixed costs are $70, what is the optimal integer output level?

Please specify your answer as an integer.

1b. if costs are $70 what is the profit at the optimal integer output level?

Please specify your answer as an integer.

1c. If fixed costs are $95 , what is the optimal integer output level?

Please specify your answer as an integer

1d. If costs are $95 what it the profit at the optimal integer output level?

Please specify your answer as an integer