Complete the table below (3 points) AVERAGE (Q) (VO) (TC) VARIABLE AVERAGE MARGINAL # OF OUTPUT WORKERS VARIABLE TOTAL COST TOTAL COST COSTS (PER DAY) COST COST (VC/Q) (TC/Q) (ATC/AQ) 0 0 0 30.00 10 70.00 100.00 25 2 140.00 170.00 50 3 210.00 240.00 70 4 280.00 $10.00 350.00 380.00 6 420.00 450.00 100 490.00 520.00 If this firm is a price taker and the market price for the good produced is $5.00, what level of production will maximize profits for this firm? (2 points) At a market price of $5.00, how much profit (loss) would the firm earn? (3 points) What is the minimum market price at which the firm will remain open in the short run? (2 points) Assuming that all the firms in this (perfectly competitive) market have the same costs as those above and that those costs include all opportunity costs (implicit and explicit), what would the long run equilibrium market price be? (2 points)