how much should the firm charge for one computer

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Ebo is the owner of medium-sized company that assembles personal computers in Ghana. He purchase most of the components for the company such as random access memory (RAM) on a competitive market. In order to maximise profit in the short run, he employed an economist to estimate the demand curve for his product as: 3� = 20 − 0.4�. Suppose the firm has a fixed cost of 100 and variable cost per unit function as 1.5� − 31 + 5(> ? , where Q is number of laptops produced and P is the price per computer:

a) Determine the number of laptops that maximizes the company’s profit.

b) How much should the firm charge for one computer?

c) Find the total profit at the profit maximizing level of output

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