The Total Fixed Costs of a Perfectly-Competitive Manufacturer Are $500,and

The total fixed costs of a perfectly-competitive manufacturer are $500,and its marginal costs are as follows:

-Refer to the above information to answer this question.If the price of the product is $160,how many will the manufacturer produce and what will be its profit or loss?

A) 0 and a loss of $500.
B) 5 and a loss of $190.
C) 5 and a profit of $310.
D) 6 and a loss of $240.
E) 8 and a profit of $140.