Assume prot maximization unless told otherwise... What are revenues if P = $8? What are variable costs if P = $8? What are xed costs if P = $8? What are prots if P = $8? What are prots if P = $7? What are prots if P = $5? What value is a? If price were a. what would prots be? Would you shutdown? If the price were $7 and you produce 120. would you still earn an economic prot? (if not. why not; if so, how much?) 10. If you are operating a non-prot organization providing $6 meals to people on the street... how many could you provide while still covering all of your costs? 11. What are prots if the price were $1? FPFP'WPPN