the price of good X is p and that the price of cash to is 1. a} What is the Walrasian demand, Xi(py}, of a consumer i? Suppose an interior solution (i.e. that given by the first order conditions). (2 points) b) What is the market demand, Xp) for good X? (2 points) Suppose now that the good X ext produced by a sector with EDD firms all having identical technology. The cost function of each of these firms is: o(qj) - E250 + 10q;" c) What is the offer, gi (p), of the representative firm j? (2 points) d) What is the market offer, Ks (p). (2 points) e) What is the short-term break-even price? (2 points) f) What is the total amount produced in short-term equilibrium? (2 points) 8) What is the quantity produced by an individual short-term equilibrium firm? (2 points) h) Are there any firms entering or leaving this industry? (2 points) D) What is the long-term equilibrium price? (2 points) 1) What is the total quantity produced at long-term equilibrium? (2 points) k) What is the quantity produced by each firm at long-term equilibrium? (2 points) 1) What is the number of long-term equilibrium firms? (2 points) 1)Suppose a world with two goods: the good X and a currency rn. There are 1,030 identical consumers in this economy, each with an income of y and having all of the following preferences: 1 Ui(Xi, mi} 2 1,Uxi - 5X21 + mi. Suppose that the price of good X is p and that the price of cash to is 1. a) What is the Walrasian demand, Xi(p.y), of a consumer i? Suppose an interior solution (i.e. that given by the first order conditions). (2 points) b) What is the market demand, Xd(p)