Quantity Variable Total Cost Marginal Average Variable Average (Shoes) Cost Cost Cost Total Cost 0 0 76 30 106 50 134 140 D DO VO VIA W N - 160 114 150 190 316 a) Complete the table with the missing data. Please show sample workings. b) The firm is selling in a perfectly competitive market at a price of $40. What is the profit maximizing or loss-minimizing output? c) Calculate the firm's profit or loss. d) Should the firm continue to produce in the short run? Explain. e) If the firm's fixed costs were $30 higher, what would be the profit-maximizing output level in the short run? Indicate whether the output level will increase, decrease, or remain unchanged compared to your answer in b. f) Suppose fixed cost remains at $76. If the price of shoes falls to $20, what is the profit- maximizing or loss-minimizing output? g) Calculate the profit or loss. Should the firm continue to produce in the short run? Explain your answer. h) Suppose the fixed cost remains at $76. What price corresponds to the shut-down point? i) Suppose the fixed cost remains at $76. What price corresponds to the break-even point