Could someone please help me with the solutions to these problems please, thank you!

0 1,000 2,000 3,000 Q 4,000 5,000 6,000 Quantity 2. If price is $40, the firm will produce a. 2,000 units. b. 3,000 C. 4,000 d. 4,500 e . 5,000 3. If price is $40, how much profit (loss) does the firm make? a . $75,000 b. $60,000 5,000 x (40- 25) c. $50,000 d. $10,000 = 5000 x 15 e. zero = $75,000 4. If price is $40 and the firm produces the optimal level of output in this period, what is likely to occur next period? a. Each firm will increase output. b . Price will fall. c. Firms will exit the market. d. band c. e. all of the above. 5. If this industry is in long-run competitive equilibrium the firm will produce units of output and price will be _ a. 1,000; $15 b. 2,000; $20 c. 3,000; $20 d. 4,000; $22 e. 4,500; $30Use the following figure showing long-run cost curves for the typical firm in a perfectly industry competitive, to answer questions below. Briefly explain how you arrived at your answer. (10 points) $ 50 LMC Price and costs (dollars) 40 LAC 30 20 10 Q 1,000 2,000 3,000 4,000 5,000 6,000 Quantity 2. If price is $40, the firm will produce units. a. 2,000 b. 3,000 C. 4,000 d. 4,500 e . 5,000 3. If price is $40, how much profit (loss) does the firm make? a. $75,000 b. $60,000 5,000 x (40- 25) C. $50,000 d. $10,000 = 5000 x 15 e. zero = $75,000 4. If price is $40 and the firm produces the optimal level of output in this period, what is likely to occur next period? Each firm will increase output. b. Price will fall. c. Firms will exit the market. d. band c