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Calculate price output and profit for the short run equilibrium. D1= $31,000- $17.7Q TC = $650,000 + $5,000Q + $12.5Q2 Answer the following and referring

Calculate price output and profit for the short run equilibrium.

D1= $31,000- $17.7Q
TC = $650,000 + $5,000Q + $12.5Q2
Answer the following and referring to the relevant elements of graph 1 above and show all workings.

Consider the following graph, (graph 1) for the short run equilibrium for a monopolistically competitive firm producing air-conditioning units for commercial operations.

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