Suppose the market price of wheat is currently exist160 per, Microeconomics

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Suppose the market price of wheat is currently exist160 per

Question: Suppose the market price of wheat is currently exist160 per bushel and every farmer has the following cost function:

C(q) = 2,800 + 2q²

(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?

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Microeconomics: Suppose the market price of wheat is currently exist160 per

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