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Suppose that the manager of a firm operating in a competitive market has estimated the firm's average variable costs function to be .4110 = 10 0.03q + 0.0000qu TC = 500 + 10q 0.03q2 + 0.00005q3 The MC curve in this setting is MC = 10 0.06q + 0.00015q2 Suppose the market price for output is $10 per unit. What is the profit maximizing level of output? (Start q at 0, but increase it by 50 each step. Get q at least past 600. Also, be sure to pass though every step of the maximization flow chart to answer all questions.) What is the profit per unit of output? What is the total profit of this firm? Suppose the price drops to $7 per unit what is the profit maximizing level of output? (This is not a nice round number. So, look closely.) What is the profit per unit of output? What is the firms total profit? Should the firm continue to operate