A firm has revenue given by R(q) = 280g - 30 and its cost function is C(g) = 500 + 10q. What is the profit-maximizing level of output? What profit does the firm earn this output level? The firm maximizes profit by producing q=| (Enter your response as a whole number)

Suppose the Sunglasses Hut Company has a profit function given by P(q) - 0.01q² + 5q - 40, = where q is the number of thousands of pairs of sunglasses sold and produced, and P(q) is the total profit, in thousands of dollars, from selling and producing a pairs of sunglasses. A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in your answer.) Answer: MP(q) = B) How many pairs of sunglasses (in thousands) should be sold to maximize profits? (If necessary, round your answer to three decimal places.) Answer: thousand pairs of sunglasses need to be sold. C) What are the actual maximum profits (in thousands) that can be expected? (If necessary, round your answer to three decimal places.) Answer: thousand dollars of maximum profits can be expected.

Suppose a firm's total cost and marginal cost are given by TC= 200 + 100+90 and MC = 10 + 180. The output level that minimizes average total cost is 18 22.22 10 20 0000

A firm has a cost function of C = 1000 + 20Q + 1/10Q2a) Estimate the firm’s demand function. You may assume that the slope is a wholenumber, and the intercept is a multiple of 10. b) Find the firm’s revenue function. You do not need to draw it. c) Find the marginal revenue function, and draw it on a copy of the graph. d) Find and draw the marginal cost function.e) Use your results from parts (c) and (d) to find the profit-maximising level of output.(3 marks)f) Find the market price at this level of output.