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Hi, I would really appreciate if you could help me understand how to solve these two problems step by step. Thank you in advance. 1.

Hi, I would really appreciate if you could help me understand how to solve these two problems step by step. Thank you in advance.

1. The perfect Rose long-run AC is given below answer the following questions.

AC = 200 - 5q + 0.1q²

a)What is the output? (Produce at point of q where Min AC)

b)what is the market price, MC, and AC?

c)What is the producer surplus?

d)What is the economic profit?

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