1. Are each of the following true or false? Carefully and logically explain each of your answers in 1 or more sentences each. Do not repeat the statement or a slightly altered version of the statement in your response. a) When total product is zero, fixed costs are also zero. b) The Law of Diminishing Returns is unrealistic because it implies that we could feed the entire world from our back garden. c) In the short run a manufacturer can change the number of workers it hires, buy more land, and build a new plant. 2. Complete the following table: (Q-total product, TFC-total fixed cost, TVC=total variable cost, TC-total cost, MC=marginal cost, AFC=average fixed cost, AVC=average variable cost, ATC=average total cost). You should not "make up" any numbers! TEC TVC TC MC AFC AVC ATC 10 20 12 90 120 F3 F4 F5 F6 F7 F8 F9 % AtA O OO n R K