11) The total cost function of some perfectly competitive company is TC(Q) = 6Q^2 + 3Q + 10. What would be the optimum production level if the market price were 135 €?

12. Some company produces noodles and sells it on the perfectly competitive market. Explain possible changes in production and profit if:

a. the price of flour decreased,

b. the price of eggs increased,

c. the land tax increased,

d. the price of noodles decreased.

13. One company produces special machines. Monthly rent paid by this company is

2000 €. Materials to produce one machine cost 1500 €. The labor costs 100€ per machine if the production is lower than 10; if the production is above 10, the company will have to pay an extra 50 € for each machine produced. There are two clients - the first one wants to buy the utmost 5 units for 4000 € each, the second one will buy any amount, but will pay only 3000 € per piece. What would be the optimum production of this company in the short-run?

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