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1- A- Use the following data and show how many unites should be produced at price (P1)=$120, and why?( If you need to use implicit
1- A- Use the following data and show how many unites should be produced at price (P1)=$120, and why?( If you need to use implicit costs, they are $10 for each unit.) B-Change price to (P2)=$150, make necessary changes, and show your new selection. C-Based on parts A and B show supply for X [Qs-F(Px)/ and explain (define?) what it means. There is no need for graph. TC=total costs, MC-marginal costs, MR-marginal revenues, TR=total revenues, TP-total profits MC TR 0- an TC 100 180 300 450 800
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