Question: The first question is looking for variable or fixed cost I think. Please solve all 3 and explain C 3. Due to the increased

The first question is looking for variable or fixed cost I think.

The first question is looking for variable or fixed cost I think. Please solve all 3 and explain C 3. Due to the increased likelihood of extreme weather events in the U.S. Southeast, businesses have seen their property insurance costs increase. (5 pts) What type of costs are insurance costs? Will this cost increase change the shut down condition for firms in a per- fectly competitive market? How will this change in costs impact the long-run price of firms in a perfectly competitive market?

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