Joe's Widget Factory operates in a perfectly competitive industry. Joe's fixed and variable costs are given in the table below. He is a price taker and can sell as many widgets as he produces for $10 each. Complete the table using the provided link and respond to the following questions. Besides referring to your table to support your answers, include references from the course materials on profit-maximizing rules for competitive firms. Your response should be at least 75-150 words (1-2 paragraphs) in length, including table.

• What is the profit maximizing (or loss minimizing) level of output in the short run?
• What is the profit maximizing level of output in the long run?
• What are the shut-down prices in the short run and long run?
• What is the firm's supply curve?

me extension//bpmcpidpdmajfigpchkicefoigmkfalc/views/app.html rksheet.docx B A A Week 3 Assignment Worksheet Complete the following table. Be sure to copy/paste your completed table into your Assignment submission. Widgets Fixed |Variable Total Average Average Marginal Price = Profits Produced Costs Costs Costs Variable Total Cost MR Cost Cost 0 25 0 10 25 8 10 2 25 15 10 3 NOUS 25 23 10 25 32 10 25 42 10 25 53 25 10 65 25 10 78 25 10 92 10 M SAMSUNG