Is this correct?

Assume that Harry Ellis produces table lamps in the perfectly competitive table lamp market. The Output Per Total sts Marginal Total Marginal Week Cost Revenue Revenue equilibrium price of lamps is $50 a. Fill in the blanks in the table for total revenue and marginal revenue, as represent () Total revenue is $ 150 (Enter your response as a whole number.) (i) Marginal revenue is s 50 (Enter your response as a whole number.) b. How many table lamps will Harry Elis produce to maximise profit? 7 lamps (Enter your response as a $100 150 180 190 215 250 295 $50 50 100 $50 10 25 35 45 50 60 70 200 250 300 350 400 450 500 50 405 475 50 50 50 whole number.) c. If next week the equilibrium price of desk lamps drops to $35, should Harry Ellis shut down? A. He should not shut down in the short run because he is covering his fixed costs and some of his O B. He should shut down in the short run because he is not covering his fixed costs. 10 AVC He should not shut down in the short run because price is greater than AVC at the level of profit-maximising production. He should shut down in the short run because price is less than ATC at the level of profit-maximising production O c. O D