Consider the following graph, (graph 1) for the short run equilibrium for a monopolisticallv competitive rm producing printers for commercial operations. Graphl S Price per u nit Quantity The following information is given: D: = $35,000- $150 TC = $550,000 + 51,0000 + $1002 Answer the following and referring to the relevant elements of graph 1 above and show all workings. (a) Calculate price output and prot for the short run equilibrium (show all workings). (5 marks) (b) Calculate price, output and profit for the long run equilibrium (with and without product differentiation) (show all workings). (8 marks)