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Edward Scahill produces table lamps in the perfectly competitive desk lamp market The equilibrium price of lamps is S45 A. Fill in the blanks in

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Edward Scahill produces table lamps in the perfectly competitive desk lamp market The equilibrium price of lamps is S45 A. Fill in the blanks in the table for total revenue and marginal revenue, as represented by Gand . (Enter your responses as ntegers) Cost Revenue Revenue Total revenue s $45 (0) Marginal revenue is s 195 215 250 10 b.How many table lamps wil Edward prodice to mainue pror? lamps. c. If next week the equilbrium price of desk lamps dirops to $30, should Edward shut down? O A Yes because price is less than ATC O B. No because he is covering his fxed costs and some of his AVC O C. No because price is greater than minimum AVC O D. Yes becouse he is not covering his fuxed costs

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