Use the table below to answer the following question. Total Fixed Cost Total Variable (dollars) Cost {dollars} What is the Average Variable Cost (AVC) of producing the second unit of output? 0 $30 0 $45 0 $75 0 $150 S Price $8.00 7.00 --- - - 6.00 H 5.00 4.00 L D 30 40 50 60 70 Quantity Refer to Figure 4-174-17.png . This figure represents the market for flashlights following a natural disaster where the equilibrium price of flashlights rose to $6. However, in an effort to protect consumers, the government imposes a price ceiling of $5. Which of the following are true? O 40 people will be better off because they can get the flashlights for a dollar less with the price ceiling in place. O 10 people are made actively worse off as result of this price ceiling because they would be willing to pay $5 or more for a flashlight, but can't find flashlights at this price. O There is a shortage of 20 flashlights. O All of the answer choices are correctUse the figure to answer the following question(s). Figure 9-4 MC ATC $8 AVC Price 6 4 3 5 6 Quantity (in Millions) If the market price of the product in Figure 9-4 9-4.png rose to $8, all else constant, which of the following would be true O The firm would be making an economic profit in the short-run, and new firms will enter the market driving the economic profit down to zero in the long-run. O The firm would be making an economic profit in the short-run, and firms will leave the market driving the economic profit up to zero in the long-run. O The firm would be making an economic loss in the short-run, and new firms will enter the market driving the economic profit down to zero in the long-run. O The firm would be making an economic loss in the short-run, and firms will leave the market driving the economic profit down to zero in the long-run