John operates a small burger shop on State Street in a monop…

John operates a small burger shop on State Street in a monopolistically competitive burger restaurant industry. In the long-run equilibrium, the profit-maximizing price of his Deluxe burger is $4. This price is also equal to John’s average total cost. True or False: John’s minimum average total cost is less than $4.

Consider the equation   .   Part A (Choose below): For the e…

Consider the equation   .   Part A (Choose below): For the equation, figure out the best way to solve the equation — what method makes the most sense to use here? Part B (On your paper): Solve the equation and clearly show all your steps. Make sure it’s fully worked out on your paper, and label your final answers.