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4. Suppose a firm is planning for the short-run. The firm's fixed cost is 100, and its variable cost per unit of output is 5.

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4. Suppose a firm is planning for the short-run. The firm's fixed cost is 100, and its variable cost per unit of output is 5. a. Fill in the following table. Fixed Variable Total Marginal Avg. Fixed Avg. Var. Avg. Output, Cost, Cost, Cost, Cost, Cost, Cost, Cost, q FC VC C MC AFC AVC AC 0 LO DO V O UT A W N H 10 b. Does this firm's short-run cost structure display economies of scale? Why or why not

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