Problem 09-09 (Algo) Suppose that the monthly market demand schedule for Frisbees is listed below: $8 $7 $6 Price Quantity demanded $5 $4 $3 $2 8,000 16,000 32,000 64,000 1,000 2,000 4,000 Suppose further that the marginal and average costs of Frisbee production for every competitive firm are: 100 200 300 400 500 600 Rate of output Marginal cost Average total cost $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 Finally, assume that the equilibrium market price is $3 per Frisbee. Instructions: Enter your responses rounded to the nearest whole number. a. Identify this firm's profit-maximizing rate of output. units of output b. Draw the market demand curve. Instructions: Use the tool provided 'DMkt' to draw the market demand curve (plot 7 points total). The market