The price in a competitive market is equal to 5, and the marginal cost is equal to 5 at a given quantity. At that quantity the Average Total Cost is equal to 6, and the Average Variable Cost is equal to 2. What will the firm do? O In the short run it will produce and in the long run it will not produce O In the short run it will not produce and in the long run it will produce O In the short run it will produce and in the long run it will produce O In the short run it will not produce and in the long run it will not produce QUESTION 19 An airplane can hold 100 passengers. Business passengers are willing to pay $300 per ticket, and vacationers are willing to pay $200 per ticket. If there are 50 business passengers and 50 vacationers and the airline charges 300 dollars per ticket, what is the total revenue for the airline? 20,000 30,000 45,000 15,000