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{95118513 1011 A . (20 points) The organic apple market is perfectly competitive, with apples currently selling at $22 per case. A study commissioned by

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{95118513 1011 A . (20 points) The organic apple market is perfectly competitive, with apples currently selling at $22 per case. A study commissioned by the organic apple association shows that the short-run total cost of production for a typical producer is TC = 8, 000 + 0.02q2, and M C = 0.04q where q is the number of cases sold per year. (a) (10 points) Calculate the short-run prot maximizing quantity (number of cases) for the typical producer. (b) (10 points) In the short-run, should the typical producer shut down? Show your work and explain, clearly laying out the logic in support of your answer. No graph is required but you may draw one if you nd that helpful in your explanation

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