George's Goji Farm has this short run total cost equation for goji berries, where Q is the number of bushels produced per day: TC = Q? + 36 %3D a. Find the other six cost equations: VC = _Q2 FC = 36 %3D AVC = %3D AC = Q+ 36 AFC = MC = 2Q %3D b. The goji berry market is perfectly competitive. The market price is P = $18. Find the firm's profit-maximizing level of output: P= MC Q* = 2Q-18 Q= %3D Find the average cost at this quantity: AC* =_4 Q+ AC = 36 → a+% = 4 =AC 36 %3D Find the maximum total profit: -45 N* = tR= P.Q= 18.9=72 %3D 十R-TC= %3D tし QR+2る6= 92t36= 117 72-117= c. Find the minimum AC (ACmin) and the quantity at which it occurs (Qa). QA = ACmin %3D d. Graph: AC, AVC, AFC, MC. Table and diagram on next page.

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