. Suppose you are the manager of a watchmaking firm operating in a perfectly competitive market. . Your total cost of production in the short-run is given by: SRTC = 70 + 6*q + 0.4*q2, where q represents the units of output. . The current market price for watches is $70 and your optimal (profit-maximizing) level of output is 80. (a) What is the total revenue for your firm? (Round to one decimal place.) (b) What is your short-run total costs? (Round to one decimal place.) (c) What is your profit? (Round to one decimal place.) CHECK