4. Profit maximization in the cost-curve diagram The following graph plots daily cost curves for a firm operating in the competitive market for rompers. Hint: Once you have positioned the rectangle on the graph, select a point to observe its coordinates. 50 Profit or Loss 35 30 ATC PRICE (Dollars per romper) 25 20 15 10 AVC MC 2 4 6 8 10 12 14 16 18 20 QUANTITY (Thousands of rompers per day)In the short run, given a market price equal to $15 per romper, the firm should produce a daily quantity of rompers. On the preceding graph, use the blue rectangle (circle symbols) to fill in the area that represents profit or loss of the firm given the market price of $15 and the quantity of production from your previous answer. Note: In the following question, enter a positive number regardless of whether the firm earns a profit or incurs a loss. The rectangular area represents a short-run of $ thousand per day for the firm.In the short run, given a market price equal to $15 per romper, the firm should produce a daily quantity of rompers. 2,000 On the preceding graph, use the blue rectangle (circle symbols) to fill in the area that represents profit or lo firm given the market price of 7,500 $15 and the quantity of production from your previous answer. 8,000 Note: In the following question, enter a positive number regardless of whether the firm earns a profit or inc 10,000 The rectangular area represents a short-run of $ thousand per day for the firm.In the short run, given a market price equal to $15 per romper, the firm should produce a daily quantity of rompers. On the preceding graph, use the blue rectangle (circle symbols) to fill in the area that represents profit or loss of the firm given the market price of $15 and the quantity of production from your s answer. profit Note: In the following question, enter a posit loss ber regardless of whether the firm earns a profit or incurs a loss. The rectangular area represents a short-run of $ thousand per day for the firm