Suppose a firm has the following costs: Outputs (Units) 10 11 12 13 14 15 16 17 18 19 Total Cost (US$) 50 52 56 62 70 80 92 106 122 140 1. If the prevailing market price is $12 per unit, how much should the firm produce? 2. How much profit will it earn at that output rate? 3. If the market price dropped to $8, how much output should the firm produce? 4. How much profit will it make at that lower price