1) Suppose a rm has cost function, TC(Q)=FC+VC(Q), where FC=100,000 and VC=Q+10*Q2+100*Q3. a) Fill the following table using excel (or other software). Graph MC and AC on the axes below. 140.000 120.000 100.000 mummhme 801000 10 11 12 13 14 15 16 17 18 19 20 501000 401000 201000 b) Thinking of your brother (who has not taken economics), explain briey the intuition for why MC intersects AC when AC is at its lowest (looking at the table might help). 0) Now suppose FC=0 and VC=60,000*Q. Copy the table and axes from a) and ll for these values. State briey the intuition for why your two graphs look so different