Question: Suppose a YouTube content creator ( i . e . , a YouTuber ) in a perfectly competitive market with the following total cost function:

Suppose a YouTube content creator (i.e., a YouTuber) in a perfectly competitive market
with the following total cost function: TC =50+3q3
.
a. Find the supply curve for this YouTuber (as a function of P).[Hint: Find the MC
and equate it to the market price P. Then, solve for q as a function of P to obtain the
supply curve q = f(P)].
b. Suppose that the market price is P =81. What is the profit maximizing output level
(q*)?
c. Calculate the YouTubers producer surplus for the market price given in (b).
d. Find the market supply curve (as a function of P) if there are 300 identical YouTubers
in this market. What is the market output level, Q, if P =81? What is the market
output level, Q, if P =25?

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