Determining Profit Maximizing output level The weekly demand for computers produced by College Compu

Determining Profit Maximizing output level

The weekly demand for computers produced by College
Computers is given by

Q= 1,000 – P

and the weekly cost of producing computers is

(C)Q= 2,000 + Q^2

If other firms in the industry sell PCS at $600 what price
and quantity of computers should you produce to maximize your firm’s profits?

What long run adjustments should you anticipate? Explain