Suppose Malik is one of the many sellers of milk in Karachi who owns his business with the title Malik Milk Firm. The customers of milk have perfect knowledge about the milk and are indifferent between the milk sold by Malik, Shabbir, and other producers. If following is the total cost of producing milk. Answer the given questions.   Total output Total Cost 0 20 1 30 2 42 3 55 4 69 5 84 6 100 7 117   How much milk will Malik as an individual firm would supply in the market at the price of Rs. 14 per liter?  How will the supply of milk be affected if the price rises to Rs 16 per liter?     please provide a complete solution with all the steps including formulas and proper working

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