QUESTION 11 When the market price equals $52, in the graph below, the firm ShortRun Marginal Con $105 Average Folla $8B Coul Average $55 460 1675 600 O should shut down. @ should continue operating temporarily despite an economic loss because the firm is able to cover al of its variable costs. should continue operating temporarily despite an economic loss because the firm is able to cover a portion of its fixed costs O should continue operating because the firm is making a profit QUESTION 12 The marginal revenue for a producer in perfect competition is $10. If the producer is able to sell 50 items what is their total revenue? You need the price to know the revenue O $10 O $500