The table below shows the weekly marginal cost (MC) and average total cost (ATC) for Buddies, a purely competitive firm that produces novelty ear buds. Assume the market for novelty ear buds is a competitive market and that the price of ear buds is $6.00 per pair. Buddies Production Costs Quantity MC ATc of Ear Buds (5) (S) 15 - 2.00 20 2.00 2.00 25 2.45 2.09 30 3.53 2.33 35 4.08 2.58 40 5.46 2.94 45 6.00 3.28 50 8.48 3.80 Instructions: In part a, enter your answer as the closest given whole number. In parts bd, round your answers to two decimal places. a. If Buddies wants to maximize prots, how many pairs of ear buds should it produce each week? 45 pairs b. At the prot-maximizing quantity, what is the total cost of producing ear buds? $|:| c. If the market price for ear buds is $6 per pair, and Buddies produces the prot-maximizing quantity of ear buds, what will Buddies profit or loss be per week? 35 d. Now assume the market price is $5.50 per pair. and Buddies produces the prot-maximizing quantity of ear buds What will Buddies profit or loss be per week? $|:|