ATC 70 60 PRICE (Dollars per oven) 40 AVC 20 10 MC 0 0 5 40 45 50 10 15 20 25 30 35 QUANTITY (Thousands of ovens) For each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the graph to identify its total variable cost. Assume that if the firm is indifferent between producing and shutting down, it will produce. (Hint: You can select the purple points (diamond symbols) on the graph to see precise information on average variable cost.) Fixed Cost Profit Price (Dollars per oven) 25.00 Quantity (Ovens) 10,000 Total Revenue (Dollars) Variable Cost (Dollars) 250,000 (Dollars) 250,000 (Dollars) 1,600,000 1,600,000 1,600,000 70.00 40,000 2,800,000 1,200,000 100.00 45,000 4,500,000 2,900,000 ATC 70 60 PRICE (Dollars per oven) 40 AVC 20 10 MC 0 0 5 40 45 50 10 15 20 25 30 35 QUANTITY (Thousands of ovens) For each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the graph to identify its total variable cost. Assume that if the firm is indifferent between producing and shutting down, it will produce. (Hint: You can select the purple points (diamond symbols) on the graph to see precise information on average variable cost.) Fixed Cost Profit Price (Dollars per oven) 25.00 Quantity (Ovens) 10,000 Total Revenue (Dollars) Variable Cost (Dollars) 250,000 (Dollars) 250,000 (Dollars) 1,600,000 1,600,000 1,600,000 70.00 40,000 2,800,000 1,200,000 100.00 45,000 4,500,000 2,900,000