graph answer the following questions and assume that the industry price is $4.00 a) what is the profit maximizing level of output and per unit price for this good b) Calculate the total profit or loss for this firm 3) At what price would the firm shut down temporarily in the short run 4) Calculate the per unit cost and revenue for the firm 5) If the Industry price increases to $4.90, what is the profit position of the firm?

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