a. How many units should the firm produce in order to maximize profits? How do you know? 2.5count(0)shboardpoints]b. At the break-even price, what would this firm's total revenue be? Show supporting calculations.[2.5 points]

The figure below shows cost curves for a perfectly competitive firm. Suppose that market price is $2.60. SMC 2.60 ATC AVC 1.60 Price and cost (dollars) 1.50 0.80 0.70 0.60 0 500 800 1100 Output