Remaining Time: 1 hour. 33 minutes, 40 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. OL Question 6 0.5 points Table 8-1 360 560 Quantity Total Cost Variable Cost (Dollars) (Dollars) 0 $1.000 SO 100 1.360 200 1.560 300 1.960 960 400 2.760 1.700 500 4.000 3.000 600 5,800 4,800 Table 8-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of counts. Refer to Table 8-1. Suppose the faced cost of production rises by 5500 and if the price per unit is stils. What happens to the firm's profit mag output It must fall The firm will shut down. It will remain the same It must rise to offset the increased cost