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4) Given the following cost table for a firm: Quantity Fixed Costs Total Costs Average Total Costs Average Variable Costs Marginal Costs |(in dollars per unit) |(in dollars per unit) 40 0 1 2 3 4 5 40 40 40 40 40 55 75 100 130 165 200 55 37.5 33.3 32.5 33 33.3 40 6 a) b) 40 Fill out the rest of the table. If this firm faced a product market exhibiting Perfect Competition, what would be the equilibrium price? What would be Total Revenue? What would be the expected Profit? Again, if a perfectly competitive product market, what would be the market price of the product (or less) that would have the firm considering shutdown? c)