Define: explicit costs, implicit costs, accounting profit, economic profit, short run, long run, total fixed costs, total variable costs, total costs, average fixed costs, average variable costs, average total costs, marginal costs. **For the chart below- Please provide your answers in a horizontal form (with numbers from top to bottom), since submitting them on the provided lines can result in a mixing of answers when submitted. (i.e. submit as follows: TVC 111, 222, 333 (top to bottom), TFC 100, 100, 100 (top to bottom) etc. Calculate the following: Q W L TVC TFC TC AVC AFC ATC MC 100 50 10 ____ 100 ____ ____ ____ ____ X 150 50 20 ____ ____ ____ ___ ____ _____ ___ 200 50 30 ____ ____ ____ ____ ____ _____ ___ Note that the 'X' in the MC column indicates that a value cannot be calculated for that space. Where: Q = output in tons, W = $50 per work shift, L = number of workers, Total Variable Cost (TVC) = W X L, Total Fixed Costs (TFC) = a given, the same at all output (Q) levels, Total Cost (TC) = TVC + TFC, Average Variable cost (AVC) = TVC/Q, Average Fixed