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3. Fill in the following table: LT sinnn a. Draw representative ATC, AFC, AVC, and MC curves, labeling everything. (you do not need to draw

3. Fill in the following table: LT sinnn a. Draw representative ATC, AFC, AVC, and MC curves, labeling everything. (you do not need to draw them to scale) b. If the price of output is $112, how much will this perfectly competitive firm produce? What are the profits? c. If the price of output is $150, how much will this perfectly competitive firm produce? What are the profits? d. If the price of output is $250, how much will this perfectly competitive firm produce? What are the profits

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