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Directions: (50 points) Each of these questions relates to material disgussed in class or the reading. Answer each question completely, show your work, and turn in the assignment at the start of class stapled together, with your name and section on it. 1) Costs and Perfect Competition (15 points) Complete the table and answer the questions: For a perfectly competitive firm with the costs provided: a) At a market price of $17 per unit, how many units does this firm choose to produce? b) What are the firm's profits/losses? ORI R I R RN TR T e A R T long run? E3 Focus B =