Peerless Manufacturing is a profit-maximizing firm and, operating at capacity, it can produce 50 units of output per production period using any one of the following techniques of production. The market price land, labor, capital, and a unit of output are $6, $1, $2, and $4, respectively.

Technique	T1	T2	T3	T4
Land	10	10	10	10
Labor	20	22	24	26
Capitol	12	8	6	4

Please answer the next six questions based upon the information provided above. 8.If this firm uses T1 it will realize a profit of _______. 9.If this firm uses T2 it will realize a profit of _______. 10.If this firm uses T3 it will realize revenue of ______. 11.If this firm uses T4 it will realize a profit of _______. 12.The technique that maximizes profit is _______. 13.If the market price of output decreases to $3, ceteris paribus, then the technique that maximizes profit is ______.