Part II. Short Answer Questions (30 pt.) Show your work wherever possible. 13. Refer to the figure below. Dollars MC per sack (thousands) $380 Demand 304 ATC 283 AVC 261 258 225 214 8 10 12 14 16 18 20 22 24 26 Quantity of coffee (sacks of 60 kilos) 13.1 When profit is maximized, please calculate the profit and the total producer surplus. 13.2 If the demand drops to $225, should the firm decide to shut down? How much profit does the firm make? 13.3 What is the break-even price? Shut-down price