just want to know d and e part of the first question in detail

Due: evening of June 10, 2020 Name: (This is a continuation of Question 7 from Homework 3) Question 1: Suppose the output (Q) produced by different amounts of labour (L) by a company is given below: 0 2 3 4 5 6 Q 0 20 50 90 120 140 150 (from Homework 3) a) Calculate the marginal and average product of labour for all levels of labour. Graph the marginal and average products of labour. b) Assume the company has fixed costs equal to $300 and that each unit of labour costs $150. For each of the 7 possible output levels, calculate fixed costs (FC), variable costs (VC), and total cost (TC). In a new diagram, graph these values. c) At each of the possible output levels calculate average variable cost (AVC), average total cost (ATC), and marginal cost (MC). In a new diagram, graph these values. (New) d) Suppose this firm operates in a perfectly competitive market. How many units will the firm produce when the market price is: (i) $3.75; (ii) $5.00; (ill) $7.50; (iv) $15.00? (e) Suppose there are 50 identical companies operating in this market and that the market demand schedule is given by P 3.75 5.00 7.50 15.00 Qd 7,000 6,000 5,600 4,500 What are the short-run equilibrium price and quantity in the market? Is this a long-run equilibrium? Explain