Assume that a firm faces the following cost function-
TC(q)= 100+10q^2
A) Derive the supply curve for this individual firm.
B) If market price is equal to p=50 what quantity would be supplied?
C) There are only 10 firms in the market. Derive market supply curve.
D) Assume demand is given by: P=100-Q. What would be the equilibrium price and quantity with only 10 firms in the market in the short term?
E) With free entry and exit and identical firms what would be the long term supply curve for this industry?