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Can someone help me with these questions? Interpret the following graph containing cost curves for a firm in the SHORT RUN ATC 1.2 - AVC

Can someone help me with these questions? Interpret the following graph containing cost curves for a firm in the SHORT RUN

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ATC 1.2 - AVC 1.0 - MC 0.8 - Costs 0.6- 0.4 02 0.2 0.4 06 06 10 12 Output a. Using information from the figure, if price equals $0.40, the firm should A) stay open because it is making an economic profit. B) stay open in the short run because it is operating at an economic loss. C) stay open because it is making a normal profit D) shut down. b. Using information from the figure, if price equals $0.70, the firm should: A) stay open in the short rum because it is operating at an economic loss. B) stay open because it is making a normal profit C) shut down D) stay open because it is making an economic profit c Using information from the figure. if price equals $1 00, the firm should A) stay open because it is making an economic profit. B) stay open in the short run because it is operating at an economic loss C) stay open because it is making a normal profit D) shut down

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