Question: please answer One representative perfectly competitive firm has a total cost function given by TC =Q3- 6Q2+ 49Q. a. Is this firm in the long

please answer

One representative perfectly competitive firm has a total cost function given by TC =Q3- 6Q2+ 49Q. a. Is this firm in the long or short run? A. long run O B. short run Explain your choice on your answer sheet. b. What will the industry's long run equilibrium price be? s c. What is the firm's profit? s Let the market demand function be given by Q = 606 -6P. d. What is the equilibrium level of output for the market?] Now, suppose the government imposes a tax of $5 per unit on the output. e. How much does the firm receive per unit? $ 1. How much do consumers pay per unit? $] g. Who bears more of the burden of the tax? Producer Consumer

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