1.You and your partner open a Cupcake Store in Foggy Bottom. You estimate the marginal cost of a cupcake as being $4. Your partner reviews your work and says: "You've forgotten about our lease payment; the marginal cost should really be $5. Explain whether your Partner or You are correct about the lease payment. 2.Suppose the cost of producing 30,000 Fidget Spinners is $30,000 with a fixed cost of $10,000 a. What is the variable cost? b. When the firm is producing 30,000 what is the average variable cost and the average fixed cost? c.Is the dollar difference between average variable cost and total cost greater at 30,000 or 60,000?