Solve all subparts is correctly The below table shows the cost of a Pizza shop in Bahrain, Calculate all the missing values in the below table and answer the following questions.Quantity(Q)Fixed cost(FC)Marginal cost (MC)Variable costs(VC)0Total cost(TC)50050544951666507812542a. Does the firm operate in the short-run or long-run? Why?b. What is the value of fixed costs if the firm produces 0 units?c. What is the value of marginal costs at the 5th unit?d. What is the value of Average Total Costs (AC) at 2 units?For the toolbar, press ALT+F10 (PC) or ALT+FN+F19 (Mach1234

"When a firm produce costs are associated with the production process. Total cost (TC) is computed…

The below table shows the cost of a Pizza shop in Bahrain, Calculate all the missing values in the below table and answer the following questions. Quantity (9) Fixed cost (FC) Variable costs (VC) Total cost (TC) Marginal cast (MC) 0 0 50 50 54 4 9 16 66 50 78 5 42 a. Does the firm operate in the short-run or long-run? Why? b. What is the value of fixed costs if the firm produces 0 units? c. What is the value of marginal costs at the 5th unit? d. What is the value of Average Total Costs (AC) at 2 units? 1 2 3 4 5 12