Spacely Sprockets' Short-Run Cost Curve Is: Where Q Is

question 64

Essay

Spacely Sprockets' short-run cost curve is: where q is the number of Sprockets produced and K is the number of robot hours Spacely hires. Currently, Spacely hires 10 robot hours per period. The short-run marginal cost curve is: If Spacely receives $250 for every sprocket he produces, what is his profit maximizing output level? Calculate Spacely's profits.

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