Evaluate the economic efficiency and balance of a company that has fixed costs of $ 80.00 and variable costs as indicated in the table.

Total Production Fixed Cost Variable Cost Total Cost (CPF) (CPV) (CPT) (CMg)

0		0
1		60
2		100
3		135
4		165
5		200
6		240
7		285
8		340
9		405
10		480

a. After completing the table, prepare a graph to represent the total fixed cost, the total variable cost, and the total cost of the business. Explain how the law of diminishing returns influences the shapes of the variable cost and total cost curves.

b. Produces a chart for CPF, CPV, CPT, and CMg. Explain how it is calculated, the shape of each of these four curves, and the relationships between them.

c.Explain how the location of each curve on the graph would be altered if the total fixed cost changed to $ 110.00 instead of $ 80.00.