answer second part P(Q)=45103-100Q

Matt's rutabaga business is turning out to be very profitable! Through use of his economic knowledge and powers he has managed to run every other rutabaga farm out of business! (definitely didn't just burn their farms down) Now as Big Rutabaga himself, he faces an inverse demand function of P(Q) = 50000 100Q and a total cost function of: TC(Q) = 1000 + 25Q2 + 100Q, MC(Q) = 50Q + 100 VC(Q) = 25Q2 + 100Q. = - Matt should: close his rutabaga farm immediately continue producing in the long run and short run continue producing in the short run but shut down in the long run raise his prices above the perfectly competitive level lower his output Unfortunately for Matt, shortly after cleverly becoming a monopoly, the group Parents Against Rutabagas (PAR) lobbies congress to create an awareness campaign against the harmful effects of prolonged rutabaga consumption. Having already spent most of his money on The Office Memorabilia, Matt is unable to successfully pay enough senators to quash the campaign. However, due to general government incompetence, the awareness campaign is only slightly successful. Due to this the demand for rutabagas is only slightly affected and is now P(Q) = 45103 100Q = and his costs remain the same. Matt should: close his rutabaga farm immediately continue producing in the long run and short run continue producing in the short run but shut down in the long run raise his prices above the perfectly competitive level lower his output