The following shows the daily costs of a firm operating in aperfectly competitiveindustry. Complete the statements (fill the blanks) based on the data provided in the table below. Each blank is worth one mark.

OutputAVCATCMC

1$50.00$200.00$90.00

237.59112.5025.00

335.0085.0030.00

436.2573.7540.00

540.0070.0055.00

645.0070.0070.00

751.4372.8690.00

859.3878.13115.00

968.8985.56145.00

1080.0095.00180.00

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A) If the market price is $91, this firm's profit maximizing output is equal to ______ units, and its totaleconomic profit/loss is equal to $_______

B) If a(n) increase (decrease) _______ in demand causes the market price to fall to $42, this firm'sloss minimization output is equal to ______ units, and its total economic loss is equal to $______

C) If the market price falls to $30, this firm's loss minimizing output is equal to ______ units, and itstotal economic loss is equal to $______

D) This firm's short-run shut-down price is any price below $______

E) If the average total cost (ATC) reported above were long-run costs, this firm's long-run equilibriumprice would be $______, and its total economic profit/loss would be $______