Inverse demand function is P=120-2Q. The technology used to produce the good in this market requires using 1 unit of labor (at a wage of $10) and 1 unit of capital (at a rental rate of $30) per unit of output.

Total cost=$40

ATC=40

MC=40

Price=80

Quantity=20

Profit=800.

I need to calculate the consumer surplus and the competitive market price, competitive market quantity, competitive market surplus, and competitive market total firm profits. Thank you for your help!