Dram Chip What Is The Value Of Price And Domestic Supply?

What is the value of price and domestic supply? - dram chip

Supply perfectly competitive firm. The market price of 256 DRAM chips in computers and "smart" electronics used varies according to changes in global demand and supply conditions in the industry in perfect competition. The market prices for the last seven months were:

Months
January $ 2.90
February 3.00
3.35 March
April 3.55
4.25 May
June 3.75
July 3.50

Conditions of marginal costs in industry are:
MC = $ 2.50 + $ 0.00001Q
If MC is the marginal cost of production and Q () is in thousands

A. What is the minimum price before domestic companies supplying chips?
B. Calculate the domestic supply of chips per month.