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Costs are shown in the following table: Q TFC TVC TC Total ATC MC Revenue 0 $100 $0 100 50 150 50 2 100 70

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Costs are shown in the following table: Q TFC TVC TC Total ATC MC Revenue 0 $100 $0 100 50 150 50 2 100 70 85 20 100 90 63.3 20 100 140 60 50 100 200 60 60 6 100 360 76.7 160 a. Complete the column for TC b. Complete the column for total revenues if the price is $50. C. If the firm produces 4 units of output, will the firm make a loss or profit. Show your work d. Based on your answer in part c) above, would you recommend shutting it down if you are the CEO? Explain

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