.Honey producers in Alberta produce honey x, using the individual farm cost structure:

c(x) = 22.3x + 10x²

Assume there are 100 identical honey producers who come together to form Alberta Honey Producers Co-operative to produce and sell refined honey y.

y = f(X) = 32X - X²,

where 100x = X. The fixed cost for producing y is $16 and y is sold at $1 per litre.

1. Determine the individual supply curve (mc) as well as the aggregate supply curve (MC) for raw honey.
2. Determine the co-operative's demand curve (MVP) for raw honey and the net average revenue product (NARP) curve.
3. Assuming a marginal value product (MVP) pricing policy for the honey co-operative, calculate the aggregate member welfare as well as welfare per member.
4. Suppose the co-operative can alter its membership. What will the optimal membership be?
5. Compare your answers in (c) and (e). On a per member basis, which membership is better and why?