3} Assume that Petefs short run Total Cost Curve is TC = 20.000q- 2001';3 +4\". 3. :4 pts.) Calculate his {short run] Average Total Cost (ATE: for quantities of 50, 100, and 150 and sketch his ATC curve given the values you calculated. b. [4 ms! Sketch the shapes the AFC and AV: curves {NO-TE: you do not need the exact xed \ s variable cost information: At each output quantity from part [2}. which of the following two quantities is likely to be largest; A'I'C or AVE? c. :2 pts! At an output quantity of 50, would you recommend that Peter increase his capital? What about with an output level uflSCl