1?. Refer to the graph below. larva-ma per unit in s (on per mm II t III I 2 3| 4 5 6 1 O 9 IIMII if duh-t If we express the demand curve as P = 8 - bQ, what is b? At what level Of Output does average cost fall to its minimm level? What price would clear the market if Output were set at this minimum AC level? What w0uld prot be when output were at the minimum AC level? At what output WOuld prot be maximized? What is marginal revenue at this output? What is marginal cost at this Output? What is average cost at this Output?(Assume it's 20 cents above the minimum AC level.) What is price at this Output? What is total prot at this output? (Please do NOT include words like "units" or "S" in your answer. Round your answers to TWO decimal places.) '7"?\"P'q9 W951? STE\