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Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C = 200 +2

Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C = 200 +2 q2, where q is the level of output and C is total cost. (The marginal cost of production is 4q. The fixed cost of production is$200.)
Ifthe priceofwatchesis$100,howmany watchesshouldyouproducetomaximizeprofit?

What will the profit levelbe?

At what minimum price willthe firmproducea positiveoutput?

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