Question: A rm produces some widgets. Producing q widgets costs C: 5,000 + q3 + M 400:; where A is a positive parameter. The rm wants

A rm produces some widgets. Producing q widgets costs C: 5,000 + q3 + M 400:; where A is a positive parameter. The

rm wants to minimise its cost and needs to decide how many

widgets to produce, hence q 2 0. In the case do =

A rm produces some widgets. Producing q widgets costs C: 5,000 + q3 + M 400:; where A is a positive parameter. The rm wants to minimise its cost and needs to decide how many widgets to produce, hence q 2 0. In the case do = 5, what is the optimal production level q*

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