Fill in the missing values in the following table:Suppose the equilibrium price in the Toys market is $30. How many Toys should Mohamed produce? How much profit will he make?

Mohamed produces Toys in the perfectly competitive Toys market.

Fill in the missing values in the following table: (5 marks)
Suppose the equilibrium price in the Toys market is $30. How many Toys should Mohamed produce? How much profit will he make? (1 mark)
If next week the equilibrium price of Toys drops to $15, should Mohamed shut down? Explain. (1 mark)

Output per week

Total Cost

FC

VC

AFC

AVC

ATC

MC

0

$100

1

150

2

175

3

190

4

210

5

240

6

280

7

330

8

390

9

460

10

54

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