Use the variable cost information in the following table to calculate average variable cost and average cost (assume fixed cost is $350), and then use this data to answer the questions that follow. One of them might not have an answer.

a. Give an example of a price at which this firm would want to produce and sell output in both the short run and the long run.
b. Give an example of a price at which this firm would want to produce and sell output in neither the short run nor the long run.
c. Give an example of a price at which this firm would want to produce and sell output in the long run but not in the short run.
d. Give an example of a price at which this firm would want to produce and sell output in the short run but not in the long run.

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FC 350 S350 350 350 S350 350 350 VC $100 $180 $240 $300 $450 630 $840 AVC АС 10 30 50 70