For questions 36 to 50 use the information below. Use the graph paper provided at the end of the exam to graph the problem to help answer the questions. The digital cellpad utensil industry is composed of 50 identical rms, each having shortrun total costs given by src = 0.5q2 + 25q + 5 And short-run marginal costs given by SMC = q + 25 Where q is the output of digital cellpad utensils of each rm and Q is the output of digital cellpad utensils for the industry per day. 36) What is the shortrun inverse supply curve for each digital cellpad utensil maker? A) P=q+25 8) P=0-5q2+25q C) P=25 D)P= 0.5q2+25q +5 E) Some other answer or cannot be determined. 37) What is the short~run supply curve for the market as a whole? A) Q: ZOP-SOO B) Q=50P-1250 C) Q = P + 500 D) Q = 500 E) Some other answer or cannot be determined. 38) Suppose the market demand is given by Q = 1200- 20F (You might want to graph the supply and demand curves.) What is the equilibrium quantity in this market? 38) Suppose the market demand is given by Q = 1200 - 20F (You might want to graph the supply and demand curves.) . What is the equilibrium quantity in this market? A) 400 B) 300 C) 500 D) 700 E) Some other ansiuer or cannot be determined. 39) What is the equilibrium price in this market? A) $57 B) 550 C) $35 D) $45 E) Some other answer or cannot be determined. 40. What is each rm's total short-run prots? A) $45 B) 5-14.50 C) $14.50 D) $35 E) Some other answer or cannot be determined. 41. Total producer surplus is A) $250 B) $2250 C) $6250 D) $2500 E) Some other answer or cannot be determined. 42) Total economic prots for the industry are A) $2250 3) $6250 C) $2500 D) $250 E) Some other answer or cannot be determined. 43) Total consumer surplus is A) 5250 B) $2250 c) 55250 D) $2500 E) Some other answer or cannot be determined. 44) Total consumer spending is A) $6250) B) $2500 C) $250 0) 52250 E) Some other answer or cannot be determined. 45) Suppose the government now imposes a $10 tax on digital cellpad utensils. , The new equilibrium quantity for the industry would be to the nearest unit A) _275 B) 447 C) 500 D) 357 E) Some other answer or cannot be determined. 46) The new equilibrium price for consumers would be to the nearest cent A) $42.14 B) $45 C) $32.14 0) 535 E) Some other answer or cannot be determined. 47) The producer surplus lost to the nearest dollar would be A) $2500 B) $3060 C) $1025 D) $1226 E) Some other answer or cannot be determined. 48) The consumer surplus lost to the nearest dollar would be A) $1226 B) 52500 C) $3060 D) 54025 E) Some other answer or cannot be determined. 49) The tax revenue gained to the nearest dollar would be A) $3571 B) $3060 C) 54214 D) $5000 E) Some other answer or cannot be determined. 50) The deadweight loss from the tax to the nearest dollar is A) $714 B) 52250 C) $3060 D) $1226 E) Some other answer or cannot be determined