(See Solution) a. Calculate the long run total cost function for the firm in the previous problem. b. Confirm that in the long run the firm could produce the
Question: a. Calculate the long run total cost function for the firm in the previous problem.
b. Confirm that in the long run the firm could produce the output calculated in part b above at a lower cost.
c. Explain why, in the long run, the firm would maximize profits by producing more than the output calculated above.
Deliverable: Word Document 
![[Solution] The table below represents the short](/images/solutions/MC-solution-library-72026.jpg "[Solution] The table below represents the short run cost structure")
[Solution] The table below represents the short run cost structure
(See Steps) Suppose the U.S. market demand for peanuts is Q d =3-.0025P
![[See Solution] Theaters normally charge the same](/images/solutions/MC-solution-library-72028.jpg "[See Solution] Theaters normally charge the same price for movies")
[See Solution] Theaters normally charge the same price for movies
![[Solution Library] The diagram shows a roof](/images/solutions/MC-solution-library-72029.jpg "[Solution Library] The diagram shows a roof truss with one axis of")
[Solution Library] The diagram shows a roof truss with one axis of
(Steps Shown) Integrate functions using the rules, by parts, by substitution
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