5. Suppose the total cost of producing 40,000 ash drives is $120,000, and the xed cost is $30,000. a. What is the variable cost? b. When output is 40,000, what are the average variable cost and the average xed cost? c. Assuming the cost curves have the usual shape, is the dollar difference between the average total cost and the average variable cost greater when the output is 40,000 ash drives or when the output is 60,000 ash drives? Explain. 6. The following table shows the output and cost figures for a bakery. Calculate the missing values in the table Output Number per Average Average Average of Day Marginal Variable Fixed Total Total Fixed Variable Marginal Workers (units) Product Cost ($) Cost ($) Cost ($) Cost ($) Cost ($) Cost ($) Cost ($) 0 0 0 300 150 20 300 W N - 315 40 300 160 60 300 140 80 300 730 100 300 830 120 300 900 140 300 8 60 160 300 7. If doubling all inputs increases output by 90 percent, what can you conclude about the shape of the long-run average cost curve