Consider the following table.

Quantity Total Cost

0 $46

2 $47

4 $48

6 $49

8 $51

10 $57

12 $65

14 $75

16 $87

(1)Suppose that the price of the product is $3.How many units will the firm produce in the short run?

(2)In the long run, will the price rise or fall from the current level at $3?Explain the reason.