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

QT Assume the following cost data are for a firm in perfect competition. Apply MC =MR rule to answer the questions given below. 12 marks Output {units} AFC (51 AVC (3)1413 {5] MC [$} 1] _________________________________________ 1 9|] 1511 15B 151]I 2 45 4E 93 36 3 311 42 T2 EH} 4 22.5 45 62.5 54 5 18 49.2 6?.2 66 6 15 54.99 69.99 83.94 '1 12.34 53.42 26.26 113.88 3 11.25 24.25 35.5 1513.13 a) Will this rm produce in the short period if the product price is $120? What will be the total prots or loss of the rm? TR = TC = Prot or loss = Decision: b) Will this rm produce in the short period if the product price is $58? What will be the total prots or loss of the rm? TR = TC = Prot or Loss Decision