Answer Happy

This is the study review for econ.
Can someone confirm my table of values are correct?
If they are, can someone explain the answers to #3-6? I don't know how to answer them.
Thanks a lot.
1. Fill in the table using the following information (15): a. In this microgreens business, they had to purchase some growing trays, racks, and lights, which cost them $100. b. They need to pay for the electricity, water, soil, seeds that they use, and packaging, depending on their output level, providing their variable costs. Their "output" or product is packaged microgreen salad mix. 2. What is the main "choice" that a perfectly competitive firm makes? (11) Answer: The main choice that a perfectly competitive firm makes is how much to produce. 3. If the market equilibrium price of the product is $5, what is the profit maximizing point and how much profit/loss is made? (13) Answer: 4. What is the point at which the firm is no longer making any accounting profit (aka zero-profit point)? (1) Answer: 5. What is the point at which the firm should shut down rather than continuing to operate and why (aka the shutdown point)? (2) Answer: 6. Would this kind of business be subject to "economies of scale"? Why or why not? (12) Answer:
1. Fill in the table using the following information (15): a. In this microgreens business, they had to purchase some growing trays, racks, and lights, which cost them $100. b. They need to pay for the electricity, water, soil, seeds that they use, and packaging, depending on their output level, providing their variable costs. Their "output" or product is packaged microgreen salad mix. 2. What is the main "choice" that a perfectly competitive firm makes? (11) Answer: The main choice that a perfectly competitive firm makes is how much to produce. 3. If the market equilibrium price of the product is $5, what is the profit maximizing point and how much profit/loss is made? (13) Answer: 4. What is the point at which the firm is no longer making any accounting profit (aka zero-profit point)? (1) Answer: 5. What is the point at which the firm should shut down rather than continuing to operate and why (aka the shutdown point)? (2) Answer: 6. Would this kind of business be subject to "economies of scale"? Why or why not? (12) Answer:
PERFECT COMPETITION - Microgreens Business [/14] Quantity Fixed Cost Total Cost Variable Cost Average Variable Cost Average Total Cost Marginal Cost Total Revenue 0 0 100 0 100 0 10 100 24 124 2.40 12.4 2.40 50 20 100 140 100 ន | ៦ | A 40 2.00 1.60 7.00 30 100 52 152 1.73 5.06 1.20 150 100 40 62 162 1.55 4.05 1.00 200 50 100 70 170 1.40 3.40 0.80 250 60 100 80 180 1.33 3.00 1.00 300 100 101 70 201 1.44 2.87 2.10 350 80 100 123 223 1.54 2.79 2.20 400 90 100 168 268 1.87 2.98 4.50 450 100 100 223 323 2.23 3.23 5.50 500