Need answers from E to H. ( I already know the answers from a to d).

246 5.7 You are presented with the following weekly production and cost data. Your total fixed cost is $1,000 per week. Based on the information provided below, respond to the following questions. Q TFC TVC TC AFC AVC AC MC 0 1000 0 U U U U 100 600 200 1100 300 1500 400 1800 500 2200 600 2700 700 3300 800 4000 900 4800 1000 5700 1100 6700 1200 7900 a) Calculate the total and unit costs in the table and plot on a graph. b ) If the market price is P = $8 per unit, what quantity of the product should the firm produce? At this quantity, how much profit/loss is the firm making? What is the contribution margin (cm) at this price? Draw the P = MR curve on the graph you created. C) If the market price is P = $6 per unit, what quantity of the product should the firm produce? At this quantity, how much profit/loss is the firm making? What is the contribution margin (cm) at this price? Draw the P = MR curve on the graph you created. d) If the market price is P = $4 per unit, what quantity of the product should the firm produce? At this quantity, how much profit/loss is the firm making? What is the contribution margin (cm) at this price? Draw the P = MR curve on the graph you created. e) What is the general rule for loss minimization? f) What is the lowest price at which the firm can produce in the short-run? g) What is the difference between unit profit margin and contribution margin? h ) What is the difference between the break-even point and the shut-down point