Use the following graph to answer the questions below. Please enter your answers as whole numbers with no decimal places (ie. 500 or $500 not 500.00 or "Five hundred dollars"). 40 MC ATC 35 30 P, AVC 25 - 20 16 15 P2 12 10 10 20 30 45 50 60 70 80 90 100 110 What is the firm's profit if the price is P1? What is the firm's profit if the price is P2? How many units will the firm produce if the price falls to P3? Note: For this question I am asking for the quantity the firm will produce to maximize profit not the amount of profit the firm will earn. 5,

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