Question: The cost function for Acme Laundry is C ( q ) equals = 5 0 5 0 plus + 4 0 4 0 qplus +
The cost function for Acme Laundry is
Cqequalsplusqplusnothingq squaredq
where q is tons of laundry cleaned. What q should the firm choose so as to maximize its profit if the market price isp
Part
The output level at which thefirms profit is maximized as a function of p is
qequalsenter your response here.
Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts.Eg a fraction can be created with the character.
Part
If
pequals
then Acme Laundry should produce
enter your response here
units. Enter your response as a wholenumber
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