1. For each of the following price and cost function pairs, determine how much the firm would want to produce (if they do want to
1. For each of the following price and cost function pairs, determine how much the firm would want to produce (if they do want to produce), and how much profit they get. (a) P = 16 and STC(Q) = 53 + 40 + 2Q2 Q>0 19 Q=0 (b) P = 21 and STC(Q) = 32 + 5Q + 4Q2 Q>0 19 Q = 0 (c) P = 14 and STC(Q) = 5+ 4Q +Q2 Q>0 2 Q=0 (d) P = 23 and STC(@) = 42 + 3Q + 5Q2 Q >0 8 Q = 0
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