Q 2: Derive the pro t function for a typical rm. Use X to denote the sum of the production of the three remaining RMs in the market. Q 3: Find the pro t of a typical rm if all rm's on the market are sold at the current market price of $30. Q 4: If all rm's on the market are sold at the current market price of $30, find the consumer surplus. Q 5: Derive the best response function for a typical rm. Q 6: Find the equilibrium quantity and pro t for a typical rm. Q 7: Find the equilibrium price and consumer surplus. In Australia, cartons are sold in bundles of 100. Currently, the market price for a bundle of boxes is $30. The technology to manufacture cardboard boxes is readily available and common to all manufacturers. Raw materials in carton manufacturing companies The cost of plant and machinery for materials is $7,000,000 per year. The labor, material, and energy costs to produce one bundle of 100 boxes are $20. and energy costs are $20. A market study showed that the demand for cardboard boxes is determined by funcon. P = 40 - Q/500,000 Q 1: Using the information provided in the scenario, derive the total cost function for a typical carton manufacturer. Use QA to represent the quantity produced by a typical rm