Assume that the manufacturing of cellular phones is a perfectly competitive industry. The market for cellular phones is described by the following demand function 5487 Marked out of 50 DO. In addition, this industry consists of 77 Identical manufacturer's with the following variable cost function VC(q) =14 +10g The industry supply function is of the form 05 - exp+b What is a and what is b What is the aggregate equilibrium quantity and what is the equilibrium price 5 What is the production level at nach firm in the market What are the variable profits of each firm in order for this industry to have zero entry in the long run what must the fund costs be What is thi value of conjuror surplus What is the value of producer surplus Pinvols bage Mat Book Mic