Question: 7 please! Question 6 (1 point) A competitive firm faces the following market price: P-200. Variable costs are C(Q)=Q^2. The firm also pays $17000 in

7 please! Question 6 (1 point) A competitive firm faces the following 7 please!

Question 6 (1 point) A competitive firm faces the following market price: P-200. Variable costs are C(Q)=Q^2. The firm also pays $17000 in costs that do not depend on production (even if q=0). Hint - marginal cost is MC(Q)=2*Q NOTE - KEEP YOUR CALCULATIONS. THIS INFORMATION WILL BE USED IN MULTIPLE QUESTIONS What is the optimal quantity this firm should produce? 200 100 50 Question 7 (1 point) A competitive firm faces the following market price: P-200. Variable costs are C(Q)=Q^2. The firm also pays $17000 in costs that do not depend on production (even if q=0). Hint - marginal cost is MC(Q)=2*Q NOTE - KEEP YOUR CALCULATIONS. THIS INFORMATION WILL BE USED IN MULTIPLE QUESTIONS What is the profit of this firm (ACCOUNTING profit, counting sunk costs as well) 5000 -17000 -7000

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