What profit maximizing level of production for each farmer, Microeconomics

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What profit maximizing level of production for each farmer

Problem

Suppose the market price of wheat is currently exist160 per bushel and every farmer has the following cost function: C(q) = 2, 800 + 2q^2 (a) What is the profit maximizing level of production for each farmer? (b) How much profit does every firm make at this price/quantity combination? Is the market in long-run equilibrium?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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