product sellS ION liven by C = 200 + 2q2, whereinal cost is given by MC = 89.) y firm 5. Suppose that a competitive firm's marginal cost of pro- marginal co ducing output q is given by MC(q) = 3 + 2q. Assume a graph. x affe inimizes aver that the market price of the firm's product is $9. will the firm en to a. What level of output will the firm produce? b. What is the firm's producer surplus? es will the fir c. Suppose that the average variable cost of the firm is given by AVC(q) = 3 + q. Suppose that the firm's fixed s will the firm try or costs are known to be $3. Will the firm be earning a at a particular ind positive, negative, or zero profit in the short run? D = 6500 - 100P Market demand S = 1200P Market supply