1.Ali is operating his firm under a perfectly competitive industry. The fixed cost of his firm per day is TK 100. The variable cost depends on the labour wage and quantity of the commodity produced. The following tables shows the variable cost and quantity of the output produced-

Quantity

Variable Cost (TK)

Total Cost (TK)

0

0

100

10

200

300

20

300

400

30

480

580

40

700

800

50

1000

1100

a.Calculate the average variable, average total and marginal cost for each quantity of output. 06

b.Calculate the break-even price and what is the shutdown price from the table? 02

Suppose per unit price of the commodity charged by Ali is TK 17, do you think Ali will able to earn profit in the short run? Explain.