Output (tons of rice per Total cost year) (dollars per ton) 0 $1,000 1 $1,200 2 $1,600 3 $2,200 4 $3,000 5 $4,000 Based on the table above which shows Chip's costs, if Chip shuts down in the short run, his economic loss will be A. $1,000 B. $4,000 C. $0 OD. $1,200