92 During the Austin City Limits music festival, pedicab drivers shuttle riders between downtown Austin and Zilker Park. Suppose that all pedicab drivers have daily cost functions of the form C(q) = F + where q is pedicab rides given per day and F represents the (quasi)-fixed costs that are incurred by working as a pedicab driver on a given day (but are avoided by not working as a pedicab driver on that day). = 4 In this problem, F is simply the daily pedicab rental fee, which is identical for all drivers. The daily market demand curve for pedicab rides is la 8000 400P. The market for pedicab rides is competitive, with all drivers and riders taking the price of a pedicab ride, P, as given. a. Find the short run daily supply function of every pedicab driver, after the fixed daily pedicab rental fee is already sunk. b. Find the short run market supply curve for pedicab rides on a day when 200 drivers have rented pedicabs. Find the short run equilibrium price and quantity in the market for pedicab rides. c. 92 During the Austin City Limits music festival, pedicab drivers shuttle riders between downtown Austin and Zilker Park. Suppose that all pedicab drivers have daily cost functions of the form C(q) = F + where q is pedicab rides given per day and F represents the (quasi)-fixed costs that are incurred by working as a pedicab driver on a given day (but are avoided by not working as a pedicab driver on that day). = 4 In this problem, F is simply the daily pedicab rental fee, which is identical for all drivers. The daily market demand curve for pedicab rides is la 8000 400P. The market for pedicab rides is competitive, with all drivers and riders taking the price of a pedicab ride, P, as given. a. Find the short run daily supply function of every pedicab driver, after the fixed daily pedicab rental fee is already sunk. b. Find the short run market supply curve for pedicab rides on a day when 200 drivers have rented pedicabs. Find the short run equilibrium price and quantity in the market for pedicab rides. c