3. Short-run cost formulas Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the table. Total Product Total Cost Marginal Cost Total Fixed Cost Total Variable Cost Average Variable Cost Average Total Cost (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) (Dollars per pair) 0 60 1 160 2 220 3 270 4 340 5 450 6 630 0n the following graph, plot Douglas Fur's average total cost curve (ATC) using the green points (triangle symbol). Next, plot its average variable cost curve (AVC) using the purple points (diamond symbol). Finally, plot its marginal cost curve (MC) using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer: For example, the average total cost of producing one pair of boots is $160, so you should start your average total cost curve by placing a green point at (1, 160). For marginal cost, plot the points between the integers: For example, the marginal cost of increasing production from zero to one pair of boots is $100, so you should start your marginal cost curve by placing an orange square at (0.5, 100).) Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 200 A 175 ATC 150 125 AVC 100 COST PER UNIT (Dollars per pair) MC 75 50 25 0 6 0 1 2 3 5 QUANTITY OF OUTPUT (Pairs of boots)