1. fill in the table QUANTITY PRODUCE OR SHUTDOWN OR BOTH PROFIT OR LOSS 2. mark firms short run supply on gtaoh. show visual 3. mark industry short run supply & equilibrium on graph. show visual 4. at the current short run Market price firm will produce / shut down nnin the short run. in the long run firms will neither enter or exit / some firm enter / some firm exit 6. Deriving the short-run supply curve The following graph plots the marginal cost (MC) curve, average total cost (ATC) curve, and average variable cost (AVC) curve for a firm operating in the competitive market for fumpsuits. For every price level given in the following table, use the graph to determine the profit- maximizing quantity of jumpsuits for the firm. Furt whether the firm will choose to produce, shut down, or be indifferent between the two in the short run. (Assume that when price exactly average variable cost, the firm is indifferent between producing zero jumpsuits and the profit- maximizing quantity of jumpsuits.) Lastly, whether the firm will earn a profit, incur a loss, or break even at each price. On the following graph, use the orange points (square symbol) to plot points along the portion of the firm's sho to prices where there is positive output. (Note: For the graphing tool to grade correctly, you must plot the point with the point closest to the origin. You are given more points to plot than you need.) At the current short-run market price, firms will in the short run. In the long run,.