question is shown below in the picture uloaded attached

As an entrepreneur: suppose you are operating in a perfectly competitive market selling (i.e.= units of bags). Your daily output is given: Output per day Total cost 3" T2 .00 8 93 .00 9 119.00 a. Assume that the equilibrium price inthe bags market is $12.50. As an entrepreneur working in the market aiming at maximizing prot: 1. HOW many bags you will produce? . HOW much do you have to charge per bag (i.e., price)? HOW much prot (loss) you will be making? Use graphs to illustrate your answers Be sure that the graph (s) show your demand: ATC, AVG: MC: and MR curves, the price you ae charging, the quantity you are producing and the areas showing the prot warww or loss. b. Now suppose the prices ofchicken falls to $6.0. At this price, how many bags you will be producing and how much you will he charging per bag? What will be your prot or loss under the new price? You may also use graph to show the new situation