Is this considered a long-run equilibrium for the market for plants? If not, what will be the price of a plant pot in the market in the long-run? Explain your reasoning.

Suppose that Layla is considering to only open her store during the evening as she does not get many customers during the morning and afternoon. Will it be a wise decision for Layla to shut down her business during this time? Explain your reasoning.

The following table can be generated with the help of given information MC=Change in TC/Change in Q Q VC TC=VC+FC ATC=TC/Q AVC=VC/Q 0 0 50 N/A N/A N/A 10 50 100 10.00 5.00 5.00 20 80 130 6.50 4.00 3.00 30 130 180 6.00 4.33 5.00 40 200 250 6.25 5.00 7.00 50 290 340 6.80 5.80 9.00 60 400 450 7.50 6.67 11.00