Ouroboros’ total cost (TC) as a function of its production level q is given by the equation below:
TC(q) = 2 2 − 12,000q + 30,000,000
a. How much is the fixed cost of production for Ouroboros? b. If q=5,000, how much is the total cost for Ouroboros? c. Evaluate the marginal cost for Ouroboros when q=3,000. d. For this part, suppose that Ouroboros has two corporate customers. The first corporation’s demand as a function of Ouroboros’ price is given by (p) = 10,000 − p and the second corporation’s demand function is given by (p) = 20,000 − p. Calculate Ouroboros’ maximum possible profit level.