Consider a perfectly competitive market in which each firm's short-run total cost function is C= 81 +9q+q^2, where q is the number of units of output produced. The associated marginal cost curve is MC = 9 + 2q.

In the short run each firm is willing to supply a positive amount of output at any price above $ (Enter your response as a real number rounded to two decimal places.)

If the market price is $27, each fim will produce units in the short-run. (Enter your response as a real number rounded to one decimal place.)
Each firm earns a profit of $ . (Enter your response as a real number rounded to two decimal places, and use a negative sign if the firm has a loss rather than a profit). In the long run, firms will the industry Suppose the short-run cost function given above [C= 81+9q+q^2] is the one that all firms would use in the long-run, because the corresponding SAC curve is tangent to the LAC curve at the minimum point on the LAC curve. In the long run, each firm will produceunits. (Enter your response as a real number rounded to one decimal place.)

He cheyenne hotel in big sky, montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. an occupancy-day represents a room rented out for one day. the hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. month occupancy- days electrical costs january 1,736 $ 4,127 february 1,904 $ 4,207 march 2,356 $ 5,083 april 960 $ 2,857 may 360 $ 1,871 june 744 $ 2,696 july 2,108 $ 4,670 august 2,406 $ 5,148 september 840 $ 2,691 october 124 $ 1,588 november 720 $ 2,454 december 1,364 $ 3,529 required: 1. using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (do not round your intermediate calculations. round your variable cost answer to 2 decimal places and fixed cost element answer to nearest whole dollar amount) 2. what other factors other than occupancy-days are likely to affect the variation in electrical costs from month to month? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) seasonal factors like winter or summer. systematic factors like guests, switching off fans and lights. number of days present in a month. fixed salary paid to hotel receptionist. income taxes paid on hotel income.