3. The table below shows a car manufacturer's total cost of producing cars. Q TC TVC AVC AFC ATC MC 0 $500,000 540,000 560,000 570,000 4 590,000 5 620,000 6 660,000 720,000 8 800,000 9 920,000 10 1,100,000 a. For each level of output, calculate the total variable cost [TVC], the average variable cost [AVC], the average fixed cost [ AFC], the average to ige total cost [ATC], and the marginal cost [MC]. b. What is this manufacturer's fixed cost? Explain how you derived this. c. What is the minimum average cost output quantity? Explain how you derived this. d. Create a single, well-labeled diagram that shows the manufacturer's AVC, ATC, and MC curves. points) 4. Kyle eats two types of fruits - bananas and apples. He has a budget of $50 to spend on fruits per month. The price of bananas is $5 and that of apples is $10. a. Graph Kyle's budget line by plotting bananas on the horizontal axis and find the slope of his budget line. b. Write down the budget equation for Kyle's consumption of fruits ( bananas on the horizontal axis). c. Suppose the price of bananas has doubled. Show this effect graphically and calculate the slope of the new budget line ( bananas on the horizontal axis). d. Suppose Kyle now reduces the money spent on fruits to $40. Show this effect on a graph and calculate the slope of the new budget line (bananas on the horizontal axis; price of bananas is $5 and price of apples is $10). 35 points)