Suppose that you can sell as much of a product (in integer units) as you like at $74 per unit. Your marginal cost (MC) for producing the qth unit is given by:

MC=8q

MC=8q

This means that each unit costs more to produce than the previous one (e.g., the first unit costs 8*1, the second unit (by itself) costs 8*2, etc.).

1)If fixed costs are $450, what is the optimal integer output level?

Please specify your answer as an integer.

2)If fixed costs are $450, what is the profit at the optimal integer output level?

Please specify your answer as an integer.

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3)If fixed costs are $525, what is the optimal integer output level?

Please specify your answer as an integer.

4)If fixed costs are $525, what is the profit at the optimal integer output level?

Please specify your answer as an integer.