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Could you please help me with the following questions? Thank you Figure 14-3 Suppose a firm operating in a competitive market has the following cost

Could you please help me with the following questions? Thank you

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Figure 14-3 Suppose a firm operating in a competitive market has the following cost curves: of Price 18 1 MC ATC Quantity Refer to Figure 14-3. If the market price is $10, what is the firm's short-run economic profit? O a. $30 O b.$15 O c. $9 O d. $50 QUESTION 6 1 points Figure 14-7 Price 175 MC ATC AVC 125 100 80 270 322 515 Quantity Refer to Figure 14-7. Suppose A VC = $113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to O a.$5,750, and its profit amounts to $20,375 O b. $5,500, and its profit amounts to $20,375. O c. $6,180, and its profit amounts to $25, 750. O d. $5,980, and its profit amounts to $25,750

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