1. The following is a partial output and cost schedule for Kristin's Kwik-E-Mart. Output is measured in number of Squishies, and costs are measured in dollars. Q TFC TVC TC AFC AVC ATC MC 0 12 2 12 4 4 14 6 8 a) Using the definitions of TFC, TVC, TC, AFC, AVC, ATC, and MC, fill in the missing blanks in the chart above. b) Graph the ATC, AVC and MC curves from part a). Make sure you label each curve and each axis. c) If market price is P=11 per Squishy, draw the marginal revenue curve (MR) on the graph above. d) Would Kristin's Kwik-E-Mart be making positive profit, negative profit, or break even at P=11? e) In the short run, would Kristin's Kwik-E-Mart shutdown or keep producing? Why? f) In the long run, would Kristin's Kwik-E-Mart stay in or exit the industry? Why