1. Calculate the average total, fixed, and marginal costs for a "competitive" firm with the following production cost schedule.

Q Total Cost ATC AFC MC

0 10

10 12

20 16

30 24

40 38

50 50

60 100

1.bWhat output or q is the most efficient production level?

1.cIf the market price (P) is $1.20 per unit sold, then what output or q should the firm produce?

2.Discuss why T-Mobile and Spring merger may begoodfor the consumers and the market.Be sure to elaborate on two specific benefits. (2 pts)