Font Paragraph Question One The industry for bottled water is perfectly competitive with 100 firms who have similar costs. The total for one of the perfectly competitive firms are given below: Total Total cost Total Average Average Total Marginal output (BWP) Variable cost Variable cost cost (BWP) Cost (BWP) (BWP) (BWP) Eff Date: 17-05 2021 0 10 1 222 2 28 E 38 4 50 50 5 64 6 80 7 100 OP ASR 001| Rev 000 100 8 126 a) Complete the table by calculating total variable cost (TVC), average variable cost (AVC), average total c (ATC) and marginal cost (MC). (8 marks) b) If the price is P12.00, how much output should the firm produce? (2 marks) c) Words: 1,438 English (U.S.)