C. Superimpose the Total Revenue curves found in item D. D 1. Assume a product price of P 56, will this firm produce in the short run ? Why or why not ? 2. Assume a product price of P 41, compute for the TR and superimpose this TR curve in item C. 3. Repeat the same for a product price of P32 and determine the profit/loss to complete the table below TP TC TR : P=56 Profit / Loss TR : P =41 Profit / Loss TR : P=32 Profit / Loss 0 60 0 -60 0 -60 0 -60 1 105 56 -49 41 -64 32 -73 2 145 112 -33 82 -63 64 81 180 168 -12 123 -57 96 -84 210 224 14 164 -46 128 -82 5 245 280 35 205 -40 160 85 6 285 336 51 246 -39 192 330 392 62 287 -43 224 106 LD 00 385 448 63 328 - 57 256 192 450 504 54 369 -81 288 -162 LO 525 560 35 410 -1 15 320 -205 E 1. Copy the per unit costs computed in Item A. Output AVC AFC AT Mc MR: P = 56 MR: P = 41 MR: P = 32 0 0 56 41 32 1 45 60 105 45 56 41 32 2 42.5 30 72.5 40 56 41 32 40 20 60 35 56 41 32 4 37.5 15 52.5 30 56 41 32 5 37 12 49 35 56 41 32 6 37.5 10 47.5 40 56 41 32 38.57 8.57 47.14 45 56 41 32 LD 00 4 40.63 7.5 48.13 55 56 41 32 43.33 6.67 50 65 56 41 32 10 46.4 6 52.5 56 41 32 2. Graph the average or per unit cost curves. (AFC, AVC, ATC and MC). Label each curve properly. 3. Superimpose the MR curves . (Draw the curves using graphing /cross section paper