how to comprehend

a. At a product price of $56, will this firm produce in the short run? Why, or why not? If it does produce, what will be the profit-maximizing or loss-minimizing output? Explain. What economic profit or loss will the firm realize per unit of output. b. Answer the questions of 4a assuming that product price is $41. C. Answer the questions of 4a assuming that product price is $32. d. In the table below, complete the short-run supply schedule for the firm (columns 1 and 2) and indicate the profit or loss incurred at each output (column 3). (1) Price (2) Q supplied by (3) Profit (+) or Loss single firm (-) to single firm ($) (4) Total quantity supplied by 1,500 firms $26 0 -60 0 32 O -60 0 38 5 -55 7,500 41 -39 9,000 46 -8 10,500 56 +63 12,000 66 +144 13,500