Question: Beta Laundrys cost function is C(q) = 30 + 20q + q2. a. What quantity maximizes the firms profit if the market price is p?

Beta Laundry’s cost function is C(q) = 30 + 20q + q2.
a. What quantity maximizes the firm’s profit if the market price is p? How much does it produce if p = 60?
b. If the government imposes a specific tax of t = 2, what quantity maximizes its after-tax profit? Does it operate or shut down?

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