-RENGmail YouTube No Term Home Toolkit V /courses/7/112/quizzes/133510/take/questions/1681429 One Drive Q39. Assume that Ella Little produces fancy flower vases in the perfectly competitive fancy flower vase market. Consider the following table: OUTPUT PER WEEK 0 1 2 3 4 5 6 7 8 9 10 TOTAL COSTS $100 150 175 190 210 240 280 330 390 460 540 AFC AVC ATC MC M $100.00 $50.00 $150.00 $50.00 50.00 37.50 87.50 25.00 15.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 30.00 63.33 33.33 25.00 27.50 52.50 20.00 28.00 48.00 16.67 30.00 46.67 14.29 32.86 47.15 12.50 36.25 48.75 11.11 40.00 51.11 10.00 44.00 54.00 39a. Suppose the equilibrium price in the fancy flower vase market is $50. How many flower vases should Ella produce, and how much profit will she make? (4 marks) 39b. If next week the equilibrium price of flower vases decreases to $20. should Ella shut down? Explain. (5 marks) A 31C