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Question: Beta Laundry's cost function is  C(q) = 50 + 18q + q^2.  What quantity maximizes the firm's profi...

Show transcribed image text Beta Laundry's cost function is C(q) = 50 + 18q + q^2. What quantity maximizes the firm's profit if the market price is p? The quantity that maximizes the firm's profit (as a function of p) is q = (enter equation) How much does it produce if p = $48? The firm produces q = units. (Enter your response as a whole number.) If the government imposes a specific tax of t = 2, what quantity maximizes its after-tax profit? With the tax, the profit-maximizing quantity for the firm to produce is q = units. (Enter your response as a whole number.) Does it operate or shut down?

Beta Laundry's cost function is C(q) = 50 + 18q + q^2. What quantity maximizes the firm's profit if the market price is p? The quantity that maximizes the firm's profit (as a function of p) is q = (enter equation) How much does it produce if p = $48? The firm produces q = units. (Enter your response as a whole number.) If the government imposes a specific tax of t = 2, what quantity maximizes its after-tax profit? With the tax, the profit-maximizing quantity for the firm to produce is q = units. (Enter your response as a whole number.) Does it operate or shut down?