\fRefer to Figure. At a price of $5 per unit this firm will earn a. positive economic profits in the short run and will stay in the business. b. negative economic profits in the short run but remain in business. c. zero economic profits in short run and will shut down. d. negative economic profits and shut down. 2. A firm's Total Fixed Cost is 555000. Total variable Cost is $120,000 and it's Total Revenue was $155,000. Based on this information it would be best that this firm should a. continue the business as it is able to recover the variable costs. b. shut down and do not produce anvthing further. c. exit the industry completely as it is unable to recover their fixed cost. d. shutdown the business as it is unable to recover it's both fixed and variable costs. To maximize their profit or to minimize their losses a firm should produce where a. marginal cost is minimized. b. marginal cost equals marginal revenue. C. marginal revenue exceeds marginal cost by the greatest amount. d. average total cost is minimized