The market for apple is perfectly competitive. A farm has a short run marginal cost of production of MC = 10q, where q is the number of coffees produced by the farm. Suppose the average variable cost is AVC= 5q, and the average fixed cost is AFC= 10/q. a) Suppose the market price of apple is 20, what is the farm's profit if not shutting down? What is the firm's profit if shutting down? will the farm shut down in the short run? b) Suppose the market price of apple is 10, what is the farm's profit if not shutting down? What is the firm's profit if shutting down? will the farm shut down in the short run?