. Assume that a firm can produce product A, product B, or product C with the resources it currently employs. These resources cost the firm a total of $50 per week. Assume, for the purposes of the problem, that the firm's employment of resources cannot be changed. Their market prices, and the quantities of A, B, and C these resources will produce per week, are given in the table below. Compute the firm's profit when it produces A, B, or C, and enter these profits in the table.

a.:

b. If the price of A rose to $8, the firm would

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(Hint: You will have to re compute the firm's profit from the production of A.)

c. If the firm were producing A and selling it at a price of $8, what would tend to happen to the number of firms producing A?

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