A rm currently produces 4011] units at a price of $10. If it earns $5040 profit, what must the average cost be? Note: The formula for Prot: Quantity X [Price Average Cost) Provide your answer below: 6 If bookstore ABC Books determines it is going to sell books at its profit-maximizing price of $17 in a market facing monopolistic competition, calculate total profit for the store. ABC Books Revenue and Cost Total Total Quantity Price Marginal Marginal Revenue Revenue Cost Cost 0 $27 $0 $315 10 $24 $240 $24 $365 $5 20 $21 $420 $18 $435 $7 30 $19 $570 $15 $525 $9 40 $17 $680 $11 $635 $11 50 $15 $750 $7 $765 $13 60 $13 $780 $3 $915 $15 Provide your answer below: profit = $