A competitive firm’s cost of producing q units of output is C =
18 + 4q + q2. Its corresponding marginal cost is MC = 2q + 4. a.
The firm faces a market price p = $24. Create a spreadsheet with q
= 0, 1, 2, . . ., 15, where the columns are q, R, C, VC, AVC, MC,
and profit. Determine the profit-maximizing output for the firm and
the corresponding profit. Should the firm produce this level...