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Consider a competitive rm in the short run. The total cost of production is given by TC = (13/3 Q2 + 39 + 1. Let

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Consider a competitive rm in the short run. The total cost of production is given by TC = (13/3 Q2 + 39 + 1. Let P denote the output price. (a) What is the output level that maximizes the prots of the rm if P = 6? (b) What is the maximum prot level for the rm when P = 6? (c) What is the producer surplus of the rm if P = 6? (d) What is the lowest price P at which the rm stays Open in the short run

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