Don 9 set ered ed out of Output Total cost (tons of rice (dollars per per year) ton) 0 $1,000 1 $1,200 2 $1,600 3 $2,200 4 $3,000 5 $4,000 ag question Based on the table above which shows Chip's costs, if Chip shuts down in the short run, his economic loss will be Select one: O a $1,200 O b. $4,000. O c $0. O d. $1,000