2. Cost analysis The intercept for the supply equation will be, Px = 2 + la the coefficient will be 1. What are the three most important shifters for the supply of your product? Please now assume that costs of production and supply are related and factors that drive production for any firm are labor and capital. How is the production of your product impacted by the shifts in the supply of Walmart? (Hint: if our product is yellow paint and after doing our research we find that technology is an important shifter in the supply of yellow paint. Then, in addition to discussing how technology affects the supply of yellow paint, we want to explain how technology affects the production of yellow paint and in particular, does it affect labor, capital, both? If it affects neither, but it does affect cost, then please state it. In all cases, please make sure to explain your position and use graphs to support your position). Does your firm exploit any of these in order to reduce its costs? If so how and if not why not? (Please use graphs to support your answer). of the market structures in which, if any, do you operate your business? Do you have market power, why or why not? If so, how do you exploit it? calculate the maximum revenues you can earn through the exploitation of the above market power. 2. Cost analysis The intercept for the supply equation will be, Px = 2 + la the coefficient will be 1. What are the three most important shifters for the supply of your product? Please now assume that costs of production and supply are related and factors that drive production for any firm are labor and capital. How is the production of your product impacted by the shifts in the supply of Walmart? (Hint: if our product is yellow paint and after doing our research we find that technology is an important shifter in the supply of yellow paint. Then, in addition to discussing how technology affects the supply of yellow paint, we want to explain how technology affects the production of yellow paint and in particular, does it affect labor, capital, both? If it affects neither, but it does affect cost, then please state it. In all cases, please make sure to explain your position and use graphs to support your position). Does your firm exploit any of these in order to reduce its costs? If so how and if not why not? (Please use graphs to support your answer). of the market structures in which, if any, do you operate your business? Do you have market power, why or why not? If so, how do you exploit it? calculate the maximum revenues you can earn through the exploitation of the above market power