Roberto owns a price-taking computer repair firm. His cost function is C(Q)=10Q+0.25{Q^2} ,and his m
Question: Roberto owns a price-taking computer repair firm. His cost function is \(C\left( Q \right)=10Q+0.25{{Q}^{2}}\) ,and his marginal cost function is \(MC\left( Q \right)=10+0.5Q\), where Q is the number of computers his shop repairs.
a. If Roberto can charge $20 for a repair, how many repairs should he do? What is his profit?
b. If Roberto can charge $10 for a repair, how many repairs should he do? What is his profit?
c. If Roberto can charge $30 for a repair, how many repairs should he do? What is his profit?
Price: $2.99
Solution: The solution consists of 2 pages
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)