1. A computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is $700 for the first computer, $250 for the second, $300 for the third, $350 for the fourth, $400 for the fifth, $450 for the sixth, and $500 for the seventh.

Output	Fixed Cost	Variable Cost	Total Cost	Marginal Cost	Average Cost	Average Variable Cost
1	$250	$700	$950	$700
2	$250	$925	$1175	$225
3	$250			$315
4	$250			$360
5	$250			$400
6	$250			$450
7	$250			$550

1. Complete the table. Round off to the nearest dollar.
2. At what price is the zero-profit point?
3. At what price is the shutdown point?
4. If the company sells the computers for $550, is it making a profit or a loss? How big is the profit or loss?