Consider the case of a local souvenir store-owner. The following table represents the cost structure. Assuming the market for souvenirs is perfectly competitive, calculate the Total Cost, and Marginal Cost for each level of quantity. Assume that the price is $30, calculate the Total Revenue for each level of Q. Excel File Q (Souvenirs) TFC TVC TC MC TR 2 20 8 4 20 24 6 20 48 20 80 10 20 120 12 20 168 14 20 224 16 20 288 18 20 360 Time left 4:21:30 20 440 74 F Search 3/21/ Sunny ". .. ... . 19 DDI insert 144 10 esc ? Be # 1 3 4 518 20 360 20 20 440 We are dealing with the Based on this information, please determine how many souvenirs will this shopkeeper stock/sell? Previous page Next page Quiz navigation A Finish attempt ... Time left 4:20:53 74%F Search 3/21 Sunny hp 110 11 insert - 19 144 esc a # 3 4 15 tab 1 / Q // W / E UR T P* AutoSave Off - Cost Question - Exam (PADM 5600) (1) - Protected View Search File Home Insert Page Layout Formulas Data Review View Automate Help 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable E A3 vix fx q B C D E F G H M 1 Souvenir Seller 2 Price =$30 3 9 IFC VC 4 2 20 8 5 4 20 24 6 6 20 48 7 8 20 80 8 10 20 120 9 12 20 168 10 14 20 224 11 16 20 18 20 440 20 21 22 23 24 25 Sheet1 + Ready 74 F Search Sunny hp . . . ... . . . . 16 f1 13 10 -0- esc Po A 2 4 15