The diagram below shows output and cost data for Hamburger Heavens. P($) MC ATC AVC W 2 120 Hamburgers sold 1. Suppose that Hamburger Heavens operate in a perfectly competitive fast food industry. Use information from the diagram above to answer the questions below. (a) (5 points) What is the profit-maximizing quantity of hamburgers when price is $5? (b) (5 points) What is the profit-maximizing quantity of hamburgers when price is $3? (c) (5 points) Which cost is Hamburger Heavens able to fully cover when the price is $3? (d) (5 points) What is the shut-down price of a harmburger for Harmburger Heavens? How much is produced at this price? (e) (10 points) Calculate total economic profit or loss when the price is $5. [Show your calculations below.]