Answer the remaining three questions on the basis of the information below.

A profit-maximizing firm in a perfectly competitive market operates in the short run with total fixed costs of $6,500.00 and total variable costs (TVC) as is below. The firm can only produce integer amounts of output (Q)

Q	TVC
0	0.00
1	8,000.00
2	15,000.00
3	20,000.00
4	23,000.00
5	25,000.00
6	29,000.00
7	33,500.00
8	39,000.00
9	46,000.00
10	53,500.00
11	61,200.00
12	72,000.00

_______4. (2.0 pts.) What are firm profits (or losses) when price is $6,000?

Did you show your work for every question?