Please help with the following problems. Provide step by step calculations for each.

The yearly cost of producing computers is: C(Q) = 20,000 + 2Q2 , where 'Q' represents the number of computer systems produced.
Marginal Cost (MC) = 4Q
Yearly demand for computers is: Q = 1,000 - P, where 'P' represents the selling price of a computer system.
Marginal Revenue (MR) = 1000 - 2Q

1) How many PC's should you produce to maximize profits? Show your work
2) If you change the profit maximizing price, what is the profit / loss?
3) How much does the last unit you produce cost you to make?

Maximize profits
The yearly cost of producing computers is: C(Q) = 20,000 + 2Q2 , where 'Q' represents the number of computer systems produced.
Marginal Cost (MC) = 4Q
Yearly demand for computers is: Q = 1,000 - P, where ...

Solution Summary

The following posting helps with economics problems. These include questions about maximizing profits and calculating units to produce costs. Step by step calculations are given for each problem.

Outsourcing/Maximizing profit. ... many units of each size should Novelene's produce to maximize profits. ... if it's correct: Product mix to maximize profit is Small ...

... is minimized at Q=40, as shown in part a. P when Q=80 is P=96-0.4*40=$80 Profits = 80*40-160-16*40-0.1*40^2=$2240 However, the profit maximizing level of ...

Can you please describe the profit maximizing decision a ... A competitive firm can only maximize profits when price ... the price, it will make an economic profit. ...

... output above the point where its profits are maximized. ... likely to notice it when it maximizes its profits. ... long-term self-interest to not maximize their profits...

... The profit maximizing quantity is given at MR = MC, but ... Solution: Since the profit is maximized when each customer ... fixed price of $3.70 to maximize the overall ...

... following items are shown 1. Profit maximizing condition 2 ... Monopolist's profit area is maximized where first ... Total profits -22000 3000 -20400.3 -18802.7 -17209 ...

... At profit maximizing condition Q = 6.28, hence Maximum profit = Q*P 700 - 160*6.28 - 15*6.28^2 = 682.85. c. quantity at which revenue is maximized Total ...

... and demand elasticity associated with the "BASE CASE" profit maximizing price for ... slope of demand curve drops to -0.0005 Then profit is maximized when 11000 ...

... that the profit generated is maximized by formulating ... This solution involving maximizing profit through assignment of ... to a job in order maximize total profit. ...