Construct a short-run supply function for a firm whose short-run cost function is

Question

C= = 0.04q^3 – 0.8q^2 +10q+5

3. The long run cost function for each firm is

C = q^3 – 4q^2 + 8q.

Find the industry’s long run supply curve. If the market demand curve is is D = 200 – 10p, find equilibrium price, total output, firm output and number of firms.

Answer 1

Tc=Q^4-12Q+100Q+36 find average total cost