What is the answer to the variable costs?

For each price in the following table, calculate the firm's optimal quantity of units produced and determine the profit or loss if it produces at that quantity. Use the data from the previous graph to identify its total variable cost. Assume that if the rm is indifferent between producing and shutting down, it will produce. (Note: You can mouse over the purple points [diamond symbols] on the previous graph to see precise information on average variable cost.) Price (Dollars per Quantity Total Revenue Fixed Cost Variable Cost Profit bear) (Bears per day) (TR = P x Q) (FC) (VC) (TR - TC) $6 3,000 $18,000 $27,000 $18,000 12 6,000 72,000 27,000 72,000 18 8,000 144,000 27,000 If a firm shuts down, it incurs its xed costs (FC) in the short run. In this case, the xed cost of the rm producing teddy bears is $27,000 per day. In other words, if it shuts down, the rm would suffer losses of $27,000 per day until its xed costs and (such as the expiration of a building lease). This rm's shutdown pricethat is, the price below which it is optimal for the firm to shut downis per bear. QNA 3.16 LC] 200472016 Aplia. All rights reserved. Graphs Tool 1.55 2002*2013 Cengage Learning. All rights reserved. . 2013 Cengage Learning except as noted. All rights reserved. Grade H Now Save 8' Contlnue