About 1,200 artisans on the island of Murano in Italy, produce glass sculptures, jewelry, vases, bottles and other glassware using techniques which date back to the 13th century. Artisans sell their crafts around the world. Many shops are tourist attractions, with artisans displaying their crafting skills. Natural gas can make up about 30% of the average glass maker in Murano's operating cost. Compared with last year, natural gas costs in Europe have more than doubled. 1. Faced with such high gas costs, Mr. Fabio Onesto has decided to turn off the six furnaces he uses to run his business. When Mr. Fabio Onesto decided to turn off his furnaces, was he making a short run or long run operating decision? Please explain your answer. 2. Which graph most likely illustrates Mr. Onesto's production cost and revenue curves? Please explain. Figure 1 Price and cost (dollars per pound) ATC D = MR Quantity (thousands of pounds)Figure 2 Price and ATC cost MC AVC MR Q Q1 Q2 23 Quantity 3. Last year, I purchased 3 pendant lights from Home Depot. for my mother's kitchen The lights used Murano glass and retailed for $70 each. My mother dislikes the dark color. I still have the lights in the original boxes. Should I return them to Home Depot or sell on Ebay? Please explain your