A firm 'Snags R Us' approaches you with the following information given in the table below. Using this information provide them the answers to the following questions/requests:

a. Outline their completed cost structure information and explain the steps on how you get it.[Hint: complete the table below and explain how you complete it]

b. Explain the relationship between the different cost elements, scale of production, and marginal productivity.

c. Assuming they are operating in a perfectly competitive market, provide them with information on their economic viability/profitability.

Sausages Total Average Average Average Marginal Cost Fixed Variable Total Cost Cost Cost Cost m -!_______