Price ATC MC Po AVC 0 m DD 00 4 In the diagram above, point m indicates a) the breakeven point b) the shutdown point c) the profit-maximizing point where MR-MC d) the ideal production point Quantity Question 14 (3 points) Q P TC TR MR MC Profit 0 $5 $9 1 $5 $10 2 $5 $12 3 $5 $15 4 $5 $19 5 $5 $24 6 $5 $30 7 $5 $45 Refer to the table above. What is total profit at 3 units of output? a) $0 b) $1 c) $2 d) $3 Question 15 (3 points) TC dd TR costs a web page designs Refer to the diagram above. In this instance, at the range of output represented at point c, a) total costs exceed total revenues. b) total revenues exceed total costs. c) the firm is earning profits. d) the firm is breaking even.