1. If the price is $23/unit, how much output will this firm produce? And how much profit will the firm make?

2. If the price is $13/unit, how much output will this firm produce? And how much profit will the firm make?

3. What is the shutdown price of this firm?

4. What is the profit this firm would receive when price is set at shutdown price in the short run?

5. What is the price below which the firm will go out of business in the long run?