Question: A foodstuff rm has variable cost function: E'C = 2q[q+l ]. The foodstuff market is considered as perfect competition market with many firms that are

A foodstuff rm has variable cost function: E'C = 2q[q+l ]. The foodstuff market is considered as perfect competition market with many firms that are doing business. a. Find the short run suppl},P curve of the firln'ir b. The firm is break even at total revenue of $T2. Calculate ie rm's price and output at this breakeven point? 1|What is the firm's fixed cost?r :1. Calculate the price at which firm will shut-down its business? In

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