d) Assume Andrews Pharmacy operates in a perfectly competitive market, producing Nurofen tablets. Andrews Pharmacy has a fixed cost of 30 and its marginal cost information is given in the table below. Quantity ('000) 2 3 4 5 6 Marginal Cost (f) 1 2 3 4 12 24 Calculate the average variable cost and average cost for each quantity of output. ii. Suppose the market price of Nurofen is $15. What is the profit maximizing decision for Andrew Pharmacy? What will short-run total profit be? Now suppose theprice of Nurofen is $20. What is the profit maximizing decision for Andrew Pharmacy? What will short-run total profit be? liv. In long-run equilibrium what must be the equilibrium market price? If Andrew Pharmacy remains in the market, what quantity will the pharmacy sell