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

/in /by

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