3) Larry's Linens produces white cloth napkins for restaurants in a perfectly competitive market. The table below shows output and total costs for one day of production. Total Total Fixed Total Cost Marginal Average Average Variable Cost (TFC) (TC) Total Cost Variable _ a) Calculate TC, MC, ATC, and AVC and complete the above cost schedule for this rm. (1 mark) h) Plot the ATC, AVC, and MC curves on a scale diagram (1 mark) c) Below which price should this firm choose to produce zero output? Explain why. (1 mark) d) If the market price per napkin is $0.80, what is the range of output in which the rm's prot maximizing level of output will fall? Determine the same for the market prices of $0.60 and $1.00. (1 mark) e) Calculate the rm's prot per unit and total prot per day at an output level of 450 napkins and at a market price of $0.70 (1 mark)