PS5.4.2 based on the attached problem...Derive the supply curve for each technologyq1(p) =1. (P-1)/82. (1-P)/83. (P-1)/44. (1-P)/45. None of these q2(p)=1. (p-1)/42. (1-p)/43. (p-1)/84. (1-p)/85. None of these

Despondent over the Red Sox's terrible season, Prof. Gruber decides to quit his day job and start a bicycle manufacturing firm in Kendall Square. As he starts looking into the bicycle manufacturing industry, he realizes it has some interesting features. First, he realizes that it operates as a competitive industry. Second, he finds that there are two technologies used by firms in the industry. Technology 1 uses solar power, and has a cost function C' (q) = q + 4q' + 32 for q > 0. Technology 2 uses electricity from the grid and is more efficient, with a cost function C2 (q) = q + 2q2 + 32 for q > 0. Assume that we are in the long run, so firms using both technologies can shut and leave the market at 0 cost, so that C (0) = 0 for both technologies