[Steps Shown] [Profit maximization - II] If the producer’s cost function is C(q)=0.002q^3-0.06q^2+50q+1600 and the selling price is $266 per unit, Find
Question: [Profit maximization - II]
If the producer’s cost function is
\[C\left( q \right)=0.002{{q}^{3}}-0.06{{q}^{2}}+50q+1600\]and the selling price is $266 per unit,
- Find the output quantity q* which leads to maximum profit.
- Compute the maximum profit.
Deliverable: Word Document 
![[See Solution] [Short - run operation decision]](/images/solutions/MC-solution-library-74655.jpg "[See Solution] [Short - run operation decision] In this question")
[See Solution] [Short - run operation decision] In this question
![[Solution Library] [Profit maximization - III] If](/images/solutions/MC-solution-library-74656.jpg "[Solution Library] [Profit maximization - III] If the producer’s cost")
[Solution Library] [Profit maximization - III] If the producer’s cost
(Solved) [Own Price Elasticity of Demand - I] The demand function
![[All Steps] [Own Price Elasticity of Demand](/images/solutions/MC-solution-library-74658.jpg "[All Steps] [Own Price Elasticity of Demand - II] The demand function")
[All Steps] [Own Price Elasticity of Demand - II] The demand function
![(See Steps) [Profit maximization - I] A](/images/solutions/MC-solution-library-74659.jpg "(See Steps) [Profit maximization - I] A two product firm faces")
(See Steps) [Profit maximization - I] A two product firm faces
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