Problem 10-04 (algo) Assume that the cost data in the following table are for a purely competitive producer Total Product Average Fixed Cost Average Variable Cost Average Total Cost Martinal Cost $ 45.00 1 2 3 4 5 6 2 8 9 le $ 60.88 30.80 20.ee 15.00 12.00 10.00 8.57 2.se 6.67 6.ee $ 45.ee 42.50 40.00 37.50 37.00 37.50 38.57 40.63 43.33 46.58 51e5.ee 72.5e 60.ee 52.se 49.ee 47.50 47.14 48.13 See 52.5e 35. se.ee 35.ee 40.ee 45.00 55.00 65.ee 75.se Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers Select "Not applicable and enter a value of "O" for output of the firm does not produce a. At a product price of $58.00 (0) Will this firm produce in the short run? Yes ( if it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? Profit maximize output - 1119 units perform (mt) What economic profit or loss will the firm realize per unit of outpu? Profit per units 150 b. At a product price of $43 00 (1) Will this firm produce in the short run? Yes (uy if it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? Loss-minimizirv output - 6 units per firm (H) What economic profit or loss will the firm realize per unit of output? Loss per unit = $ c. At a product price of $34 00 ( Will this firm produce in the short run? (Click to select) v (in if it is preferable to produce, what will be the profit-madmizing or loss minimizing output? Click to select output units perform (HTI) What economic profit or loss will the firm realize per unit of output? Co to select per unit = 5