(a) Your Terrific Invention (b) A graph of the data (a) 05 (b) 10 (c) 15 (d) 20 (e) 25 (f) 30 (g) 35 7. Which quantity of turkey basters would result in the minimum Average Total Cost? (a) 05 (b) 10 (c) 15 (d) 20 (e) 25 (f) 30 (g) 35 8. Which quantity of turkey basters would result in the minimum Average Variable Cost? (a) 05 (b) 10 (c) 15 (d) 20 (e) 25 (f) 30 (g) 35 9. If you could sell as many turkey basters as you wanted for $6 each, but no one would buy them at a higher price, would it makes sense to operate your business in the short-run? (a) Yes (b) No (c) Yes, but only if producing a quantity greater than 30. 10. If you could sell as many turkey basters as you wanted for $10 each, but no one would buy them at a higher price, would it makes sense to operate your business in the long-run? (a) Yes, earn those profits! (b) No, exit the industryl (c) There is insufficient information to determine a strategy