Question: please answer all if the points Homework 2 Due date: 23:59 pm on November 28, 2021 Submission: BRS students. Submitted to Wendy through wechat or

please answer all if the points

Homework 2 Due date: 23:59 pm on November 28, 2021 Submission: BRS students. Submitted to Wendy through wechat or email. EMI students. Submitted to Delver through wechat or email. Requirement: Submit individually in word file (ended with .doc or .docx) Question 1: 10. Suppose that the manager of a firm operating in a competitive market has estimated the firm's average variable cost function to be AVC = 10 -0.03Q + 0.000050 Total fixed cost is $600. 4. What is the corresponding marginal cost function? At what output is AVC at its minimum? c. What is the minimum value for AVC? If the forecasted price of the firm's output is $10 per unit d. How much output will the firm produce in the short run? . How much profit (loss) will the firm eam? If the forecasted price is $7 per unit: f. How much output will the firm produce in the short run? 8. How much profit (loss) will the firm earn? If the forecasted price is $5 per unit: 1. How much output will the firm produce in the short run? i. How much profit (loss) will the firm eamn? Homework 2 Due date: 23:59 pm on November 28, 2021 Submission: BRS students. Submitted to Wendy through wechat or email. EMI students. Submitted to Delver through wechat or email. Requirement: Submit individually in word file (ended with .doc or .docx) Question 1: 10. Suppose that the manager of a firm operating in a competitive market has estimated the firm's average variable cost function to be AVC = 10 -0.03Q + 0.000050 Total fixed cost is $600. 4. What is the corresponding marginal cost function? At what output is AVC at its minimum? c. What is the minimum value for AVC? If the forecasted price of the firm's output is $10 per unit d. How much output will the firm produce in the short run? . How much profit (loss) will the firm eam? If the forecasted price is $7 per unit: f. How much output will the firm produce in the short run? 8. How much profit (loss) will the firm earn? If the forecasted price is $5 per unit: 1. How much output will the firm produce in the short run? i. How much profit (loss) will the firm eamn

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