PART I. This is the next step of several steps of our economics project. In this next step, you will derive the market supply curve from the individual supply curve survey responses you submitted last week. Your Yogurt Businesses and individual firm supply curves are listed below. To keep everything somewhat anonymous, just your DBA (doing business as) name is listed along with the various quantities supplied you claimed to offer at each discrete price. Based on this information, please derive the Market Supply. The Demand for the whole market is furnished below the student survey responses below. There are 27 pooled Yogurt Businesses in our Community, each offering the following. (Unfortunately, about 10 people have chosen to not go into business and did not post their quantities supplied. ) Show below are the various quantities supplied at the various different market prices: 27 Rivals in the local Yogurt Market Here they are and the quantities they offer to the market at the different prices $0.00 $1.00 $1.30 $1.40 $1.50 $1.65 $1.85 $2.00 $2.25 $2.50 1 Blue Buffalo Frozen Yogurt 0 100 190 190 260 260 260 260 260 190 260 290 2 Let's Spoon Frozen Yogurt 190 260 260 o 190 260 260 260 290 290 290 3 Viva La Yogurt 190 190 260 260 190 260 260 4 Chillsville Fro-Yo 190 190 260 260 260 290 5 FroYo2 Go 260 260 260 260 260 260 260 6 Slightly Pink Berry 0 100 190 260 290 310 320 320 320 7 YO-YO Fro 260 290 320 8 Frozen Me Up 0 0 310 9 A's Yogurt 0 100 190 260 290 OTE 320 320 320 0 100 100 190 260 290 310 320 320 320 10 Yogurt, But Frozen 260 260 260 260 11 Melato's 310 320 320 320 12 Nova's Frozen Yogurt 290 290 290 290 13 Merry Berry Froyo OTE 320 320 320 14 FroYo Delight 320 320 15 FroYo Land 100 90 16 Yogurt Castle 260 300 320 17 Yogurt Yan 320 320 18 Sweet FroyoLand 0008083005080 0 800 320 320 19 One Scoop 320 320 20 Sweet Scoops 350 350 350 21 Dreamy Creamery 260 290 290 22 Yogubear's Frozen Yogurt 310 320 320 320 23 Arctic Delight 24 Yogurt Crazy (Yo Crazy!) OTE 320 320 320 574 640 640 640 25 Lillit Yogurt 260 260 260 260 26 T's Ice Cream 100 125 150 150 150 27 Milk Or Nut Yogurts Market Supply 7,777 7,195 6,829 6,579 6,429 6,279 6,029 5,679 5,179 Market Demand Hour Assignment (1) Fill in the Following Table and "STATE" what the mar quantity are: 1130 219 Notes The Formula for Profit . Total Revenue minus Total Cost where Total Revenue . Price x Quantity . P. Q and where Total Cost . Fland Cost (rent) + Variatile Cout Best of Input A Cakulate the Profit for a fem at a Quantity Supplied of 280. This is the "shut doan's effort is made. (There are quite a number of firms that are offering to sell Ounits at the market equilt ariumprice. Evaluate the profits/lovers per day incurred by those firma who choose to shot down during their first month of operation, is that the "Bea' option at the market equ rum price? Yes or ne and show why (0) For your "own" business (listed above). evaluate your own Asses per day at the quantity supplied ow potted last week hshown in the table above). Taking the m tri are you doing the best you can do? Do you think there is a better output select tion. If you could, would you modify your quantity woplied. given that now you know what the market price in) Or, are you satished with your initial responses and make no changes given the lum price