Question: Please answer the questions step by step with an explanation and organize it properly. Make a chart for it. Use the equation with the right

Please answer the questions step by step with an explanation and organize it properly. Make a chart for it. Use the equation with the right numbers and help me please.

Q4 Complete the following table and answer the questions given below. (Use TR and TC approach). Given price = $80 per unit. 10 marks Output TR TC MR PROFITS (units) (Q) ($) ($) ($) 180 200 220 240 268 310 372 460 580 900 10 1500 What is the break-even level of output? Why? What is the amount of maximum profit? How? What is total fixed cost (TFC)? Why? What are the levels of output where the firm incurs losses? Why? What are the total costs where another break-even level of output may occur

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