Published in 2017, Celeste Ng’s bestselling novel, Little Fires Everywhere, spent 38 weeks on the New York Times Best Sellers list for hardcover fiction. In book publishing, fixed costs are high and marginal costs are low and fairly constant. Suppose that the fixed cost of producing Little Fires Everywhere is $4 million. What is the average fixed cost if the publisher produces 1 million copies? 5 million copies? 15 million copies? Now suppose that the marginal cost of the print version of Little Fires Everywhere is $2.50 per book and is the same for each book up to 20 million copies. Assume that this includes all variable costs. Explain why in this case marginal cost (MC) is a horizontal line, as is average variable cost (AVC). What is the average total cost of the book if the publisher produces 1 million copies? 5 million copies? 15 million copies? Sketch the average fixed cost (AFC) curve and the average total cost (ATC) curve facing the publisher.