please with process

1. Each of the n : 10 rms in a competitive market has a production function given by q : [1/2. The xed costs associated with capital equal $25, and the market wage rate is'w:$1. (a (b ) What is the shortrun cost function C(q) of each firm? ) What is each rm's output supply function? (c) Given that there are 10 firms, What is market supply? ) (d Assume that market demand is given by Q : 120 p. Determine the equilibrium price p, quantity per rm q, and market quantity Q. (e) What effect does a specic tax of $2.40 have on p, q and