Complete the following table:

OUTPUT TOTAL COST MARGINAL COST AVERAGE TOTAL COST AVERAGE VARIABLE COST

0 $100 _____________ _______________________ ___________________________

5 $110 _____________ _______________________ ___________________________

10 $130

15 $170

20 $220

25 $290

30 $380

35 $490

According to the table above:

a. if the price is $50 how much output will the firm supply?

b. How much profit or loss will it make?

c. At what price will the firm shut down?