Business, 16.12.2019 23:31 sasha3893

Afirm faces the following average revenue (demand) curve: p = 130 - 0.02q

where q is weekly production and p is price, measured in cents per unit. the firm's cost function is given by c = 60q + 22,000

assume that the firm maximizes profits.

a. what is the level of production, price, and total profit per week? (round all responses to two decimal places.)

the equilibrium quantity is units, the price is cents, and the total profit is $__ per week.

b. if the government decides to levy a tax of 14 cents per unit of this product, what will be the new level of production, price, and profit?

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Afirm faces the following average revenue (demand) curve: p = 130 - 0.02q

where q is we...

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