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3. a) Fill in the following table. Use decimals (to two places) only where necessary. b) Describe/discuss how the firm will use this information to

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3. a) Fill in the following table. Use decimals (to two places) only where necessary. b) Describe/discuss how the firm will use this information to make decisions in the Short Run and the Long Run. What difference does the "market type" it is in matter? AFC AVC ATC MC $45 $145 N m $60 $37.50 $185 $12 $40 CO $330 Give a thorough Econ40 discussion: write a well-organized explanation. Do not use bullet-point lists alone

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