Solve all of this in detail

Part C. Solve the following_problem. Non-integer results should be Eported with ONE decimal plai (35 marks) We have the following information regarding the monthly production and costs of a small rm producing handmade Tshirts. The market price for a handmade Tshirt is $52.00 per unit. I-Em-I-n (a) Fill in the missing information in the table. (b) What do the MPL and APL acronyms stand for? Explain What each of them represents. (c) Why do the MPL numbers rst increase and then increase? (d) How much is the xed cost of production? Give two examples of xed costs that a rm of this kind might incur. (e) The rm decides initially to produce the level of output where they incur the lowest cost per unit (ATC). Based on the table above, how much MM are they producing? What is their M per unit? What is their moi per Tshirt at this level of output? What is their M pro on all Tshirts sold? (0 The rm hires an economist that they hope would help them maximize their total prot. What level of outp will the economist suggest they should produce? Why? Why is this different than the level of output in part (e)? (g) What is the cost per unit of output at the prot-maximizing level of output? What is the prot per unit at this level of output? What is the total prot on all T-shirts sold? (h) If other rms can enter and exit this market freely, what do you predict will happen to the price level for handmade Tshirts and the prot of this rm in the long run? Explain. (i) What is the minimum price level at which the rm should continue to produce in the short run, even if they may lose money? Explain