4) Consider the price and quantity data below for a perfectly competitive firm producing mousetraps. Price (55) Quantity 5 1000 1250 5 1500 5 1750 5 2000 TABLE 3 3} Refer to Table 3. Suppose this rm is producing 1250 mousetraps and its average total cost is $4 per unit. What is the rm prot or losses situation? b) Refer to Table 3. Suppose this rm is producing 1500 mousetraps and its average total cost is $5.10 per unit. What is the rm prot or losses situation? c) Refer to Table 3. Suppose this rm is producing 2000 mousetraps and average variable cost is $5.50. What level of economic prot is this rm earning