B. Consider the graph of a perfectly competitive firm: Price 175 125 100 80 270 322 515 MC ATC AVC Quantity a. At the market price of $80 per unit, what is the profit maximizing level of output? Why is this the profit maximizing level output? If the price drops to $75, what is the profit maximizing level of output and why? b. If the market price is $125 and the firm is producing 322 units of output, is the firm profit maximizing? Why or why not? If the firm is not profit maximizing, what should the firm do to maximize profit. c. If due to a surge in demand the market price increases to $175, what is the profit maximizing level of output and why? What is the firm's short run economic profit (or loss) at this level of output? (Show solution) d. At the price of $175, what is the firm's fixed cost? If there are 1000 identical firms in the market, how much is the total market supply at the price of $175? (Show solution) e. Suppose this firm were in a long run equilibrium, what will be the price, output and economic profit that will likely prevail and why?

Why Do We Need to Use Cash Flows in Economic Analysis?

Prepare a flow chart for a typical family of 4 (3 drivers), taking a two-week (Monday is 1st-14th is a Sunday) vacation driving from New York to Orlando in August. Your return to workday is 15th of the month which is a Monday. Discuss areas of concerned revealed by the flow chart.

Please see attachment and type out step by step  the correct answer within 40 minutes , n give explanation of each option given below . Will give thumbs up only for the correct answer. Thank you