1. (6 points) Suppose in the short run a perfectly competitive firm has variable cost = 3q', and MC = 6q where q is the quantity of output produced. Also, the firm has fixed cost F = 243. a) (3 points) If the market price of the product is $42, how much output should the firm produce in order to maximize profit? b) (3 points) How much profit will this firm make? c) (3 points) What is the Breakeven price