Case 1. Desks for schools and the local state universities in NY State Table 1. Desk per day output Total costs 0 1,000 1,500 1,750 1,850 UA W N 2,000 2,200 2,500 2,900 3,500 4,200 10 5,000 Questions. The Desk case questions each are worth 20 points each. 1. Calculate short -run VC, FC and TC from the desk data in table 1. Then produce a graph. 2. Calculate ATC, AVC, and AFC, then create a graph. 3. Calculate the MC 4. Calculate the shutdown point for this small firm. The ownertells you that that price per desk is 400 dollars. Calculate the revenue and profit for this firm. Then, discuss is this firm profitable or additional adjustments need to be made to the business model. 5. Name 3 ways in which the antitrust laws make markets behave more competitively. Worth 20 points 6. What is the difference between Section 1 and Section 2 of the Sherman Antitrust act. Worth 20 points 7. What does new firm entry do to the competitive market. Here discuss, the impact of Tweeter take- over by Tesler company? Worth 30 points