Question 2: Layla recently opened her own plant store in Jeddah. There are many other plant stores in the city selling identical plants. Her variable costs consist of the cost of labor and supplies as shown in the Table 1 below. The price at which Layla can sell each plant pot is SR 6. As her economic advisor, you are required to answer the below questions to help make Layla make the right decisions for her business.

Table 1: Laylas Quantities & Costs

Quantity of plant pots sold per day	Total cost for labor and supplies (SR)
0	0
10	50
20	80
30	130
40	200
50	290
60	400

A. Using the table below, identify Laylas total cost, average total cost, average variable cost and marginal cost.

Q	VC	TC	ATC	AVC	MC
0	0	50	N/A	N/A	N/A
10	50			5	5
20	80
30	130
40	200			5
50	290
60	400

B. In the short-run, what will be the profit-maximizing output level for Laylas business? What will be the profit or loss at this output level? Explain your reasoning.