Every night, theYatalaDrive-In screens movies can be enjoyed by customers from the comfort of their cars. Assume the market for popcorn is perfectly competitive. Mindy is a producer who sells 27 popcorn buckets, which is her profitmaximisingoutput. At this profit-maximisingoutput level, Mindy's average total cost is $3.30 per popcorn bucket.Her minimum average variable cost is $3.10 per popcorn bucket. The market price is $3.50 per popcorn bucket.

Answer the following questions:

1. Mindy'seconomic profit or loss is(use a negative value if a loss).Answer in dollars, rounded to two decimal places (ie: to the nearest cent).
2. State whether the following statement is true or false: "Mindy's marginal cost is $3.30 per popcorn bucket." Type T for true, or F for false.
3. At the current market price, should Mindy shut down?Type Y for Yes, or N for No.