4. Suppose that any given individual firm in this same perfectly competitive industry has the following: 24 TC = 0.3q3 1.5q2 + 3g + 24 ATC = 0.3q2 1.5g + 3 + ? MC = 0.9q2 3q + 3 Also, assume the market price is P* = 18. Find the quantity that the individual rm would produce at this price. Round your answer to the nearest whole number. Show work. You will have to use the quadratic formula. (2 points) 5. Using your rounded quantity, what is the short-run prot or loss earned by a typical rm in this industry at this market price? Don't round your costs or prot answer. Show work. (2 points) Do NOT upload this document! Have your final homework submission done on the single-page turn-in sheet! 6. Draw a graph showing this single firm (the ATC and MC functions) and its prot or loss. To do this, you will also have to show the price, quantity chosen by the rm, and the average costs of production at that output level. Label everything clearly. (3 points) Do NOT upload this document! Have your final homework submission done on the single-page turn-in sheet