What is the fixed cost? fixed cost = dollars What is the maximum profit if each

Question

What is the fixed cost?
fixed cost =  dollars

What is the maximum profit if each item is sold for 6 dollars? (Assume you sell everything you produce.)
maximum profit =  dollars

Suppose we fix production at 34 goods produced, and that they all sell when the price is 6 dollars each. Also suppose that for each 1 dollar increase in price, 1 fewer goods are sold (so if the price is 7 dollars, 33 of the 34 goods being produced are sold.)

To maximize profit in this case, we should   ?    decrease    increase    neither increase nor decrease    the price by  dollars.
(Enter zero if the price should remain at 6 dollars.)

Explanation / Answer

fixed cost = C(0) = 0

maximum profit whwn cost is minimum, C'(q) = 0 when q=20

maximum profit = 20*6 - (80) = 40 dollars

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