Econ 4001 practice

4. A competitive rm has a shortrun total cost function given by: SRTC = q2 + 100. The corresponding shortrun marginal cost function is: SRNIC = 2.1. a. If the market price is $60, how much output will the rm produce? b. Find the rm's prots at this level ofoutput. c. Find the equation of the rm's shortrun supply curve. C]. If there are 100 identical rms in the market, nd the equation of the industry supply curve