The table below shows Ali's monthly costs of producing wheat. Suppose the current market price of wheat is $74.75 per bushel. Ali's Wheat Production Costs Quantity (bushels) MIC (dollars) ATC (dollars) MC (dollars) __ m m m m m m m Instructions: Round your answers to two decimal places. If you are entering a negative number include a minus sign. a. If the market price is $74.75 per bushel of wheat, and Ali chooses to produce wheat, how much will he produce per month to maximize his prots in the short run? |:| bushels per month b. Calculate Ali's monthly profits (express a loss as a negative number) if he chooses to produce the profit-maximizing quantity of wheat at a price of $74.75. $|:| c. Assume that the market price of wheat falls to $22.75 per bushel. How much wheat will Ali choose to produce per month in order to maximize his profits in the short run? |:| bushels per month d. Calculate Ali's monthly profits (express a loss as a negative number) if he chooses to produce the profit-maximizing quantity of wheat at a price of $22.75. $|:| e. If the market price of wheat instead falls to $14.75 per bushel, how much wheat will Ali choose to produce per month in order to maximize his profits in the short run? |:| bushels per month