Dear Tutor Please help:

Question 3 The first two rows in the table below represent the market demand schedule for some commodity. The last four rows shew the average and marginal costs of a single supplier of this conmioditv. Price P (Still) 3 ,000 4 ,000 5 ,000 6 ,000 7' 0,00 Supplier's Supplier's Average Output GE) and MC (Si) Marginal ATC (3) 22.00 25 .00 24.00 24.38 25 .40 AVG (3F) 22.50 22 .26 22.50 23.26 24.50 (a) What is this supplier's minimum average variable cost? {1pts} (b) What is this supplier's minimum average total cost? (lptsj (c) Below what market price will this supplier shut down in the short run? Explain! (3pts) ({1} Assuming there E a total of 1,000 suppliers in the market whose costs are identical to the supplier shown above, complete the table below to show the quantity of this commodity supplied by the market at each given price. (Hint: You are being asked to construct the market supply schedule. Remember that each supplier's supply curve is herfhis MC curve above the shutdown price.) (Bpts) (e) In the space below, you will sketch two graphs side by side. On the LEFT graph, sketch this commodity's market demand and market supply curves. On the RIGHT graph, sketch the MC and ATE for the supplier whose costs are shown in the rst table of this question {I expect neat, well-labeled, and relatively accurate graphs}. {10pts} {1} With 1,000 suppliers, what is the equilibrium price and quantity? {2pts] (g) With 1,001] suppliers, will other farms enter or exit the market? Why? (4pts) (h) Calculate a supplier's profits (if any) at this equilibrium price and quantity. (10pts) (1) On the graph above, show how the supply curve will shift to a long-run equilibrium. What is the long-run equilibrium price and quantity? (6pts) () Calculate the number of suppliers in the market in long-run equilibrium. (4pts)