3. Suppose you start a new business where you copy and sell DVD movies. Suppose in order to run your business you need to rent a building for which you need to pay $3,-U per month and also you need to rent a machine for which you pay season per month. Your 1variable cost per month is given below: \"ll! 1' o In 1.0m 5.0m 2.0M um 1.0m tow am new EM mm am mm mm new two ram mm mm more use,\" {a} lIIIalculate your average 1variable cost average total cost and marginal cost {2 Marks} {b} 1Iii-"hat is your Break Even price and Shut-down price? {2, Marks] Page 2 of 3 {c} Suppose you can sell DVD at $4. What is the prot maximizing quantity of DVD you should produce? 1What will your total prot be? 1Will you produce or shutdown in the short run? Will you stay in the industry or exit in re long run'? [:1- marks}