Suppose you are given the following cost equations for a new firm that you have acquired: TC(q) = 4000 + q2/10 MC(q) = q/5 1.1 What is the supply curve for your new firm? 1.2 What is the minimum price at which the firm supplies the good? 1.3 Explain why the firm's accounting profit may not be zero at the price you calculated in part 2.2. 1.4 As the fixed costs of production increase, what happens to the minimum quantity the firm is willing to produce? 1.5 If the price of the good is $80, what is the firm's economic profit?