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3. Cost problem - Fill in the blanks on the following table of costs. Units TC FC VC AC AVC MC 0 500 500 0

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3. Cost problem - Fill in the blanks on the following table of costs. Units TC FC VC AC AVC MC 0 500 500 0 500 100 600 100 2 800 500 400 150 200 1100 500 600 368 4 1600 500 1100 500 5 900 b. This firm is a price taker. The market price is $500. How many units should the firm sell

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