Does this look right?

4. Suppose the market demand and supply functions are QD = 58,200 310P and Q3 = 90F - 1400. You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are considering entering the market for this product. a. Determine the equilibrium price and quantity in this market. Q=QQ= 12,010 equilibrium = 149 c. You've researched and found that most rms in the market currently experience costs such that TC = 220 + 210Q 4.1Q2 + 0.06Q3. Determine whether or not you should enter this market. Use graphs to support your answer. (Remember that you can Format Axis and change the Minimum and Maximum Bounds of your axes to \"zoom in\" to a graph in Excel.) 1. ii. iii. iv. v. vi. vii. Firm will produce if egual. Price is higher than min average variable cost Q*=34.17 AVC= 420; the rm will not continue to produce and it will shut down. 420>149 Suppose if AVC is less than rm price (149), rm must enter the market as given that Q= 12010, must be substituted in AVC AVC= 2104.1(12010)+0.06(12010)"2= 8,605,375 AS AVC more, the rm will have a huge loss hence shouldn't be entered. (1. Due to unforeseen delays, you don't enter the market. However, a year later the market supply has changed to Q5 = 90P + 3400. Are you surprised at this shift in supply? i. ii. Equal* = 137 ; Q=Qg1= 15730. Since Price = 137 is less than the min m 420, the rm will not produce and shut down. Sub Q= 15730 in for AVC 1. 210 -4.1(15730)+0.06(15730)"2 2. =14,781,691 still very high and shouldn't be entered. (1. Given the new supply conditions, determine Whether or not you should ehter the market