A competitive firm has a short-run total cost curve

a. Identify SVC and SFC. b. Find and plot the SAC and SAVC curves. c. For this function, the SMC curve is given by SMC q q ( ) 0.2 10. ? ? Include this curve in your diagram for part b. d. Write the equation for the firm's short-run supply curve and indicate it in the above graph. e. Find the firm's break-even price pe (at which profits are zero) and its shut-down price ps.

A competitive firm has a short-run total cost curve STC(q) = 0.1q~ +10q + 40. a. Identify SVC and SFC. b. Find and plot the SAC and SAVC curves. c. For this function, the SMC curve is given by SMC(q) = 0.2q +10. Include this curve in your diagram for part b. d. Write the equation for the firm's short-run supply curve and indicate it in the above graph. e. Find the firm's break-even price p (at which profits are zero) and its shut-down price P