(Answered) Beta industries manufactures usb memory sticks that

Economics

Beta Industries manufactures USB memory sticks that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an economist to estimate its short-run cost function for producing boxes of one dozen USB sticks. The estimated total cost function is given by: TC: 1000 + 2q2, where q is the number of boxes produced. Accordingly, marginal cost is MC=4q. If the market price of a box of USB stick is $100, how many boxes should Beta produce and sell in the short-run? How much profit will Beta earn at this quantity?

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Business Economics, Economics

Category:- Business Economics
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