Microeconomics need help awnsering all questions, part 1-10

y, December 8 @ 3pm - NO LATE SUBMISSIONS In a perfectly competitive market: the market price is 26 Marginal cost (MC) = 2(Q) + 2 average total cost at equilibrium is 16, and average variable cost at equilibrium is 9 Part 1: The profit maximizing price is Number Part 2: The profit maximizing quantity is Number Part 3: Total revenue is Number Part 4: Total cost is Number Part 5: Average fixed cost is Number Part 6: Total fixed cost is Number Part 7: Total profit/loss is Number Part 8: Marginal revenue is Number Part 9: At this market price, would firms 1. Enter the industry 2. leave the industry 3. There is no incentive to enter or leave the industry. (assume all firms have the same cost structure) Number Part 10: At the market price, could this be a long run equilibrium price? (if yes=1, no=2) (assume all firms have the same cost structure) Number Submit Assignment Quit & Save Back Question Me