Good G has a price of $55 per unit. Quantity Total Cost Marginal Cost (MC) 0 130 1 150 2 195 3 245 4 305 5 400 (a) Calculate the average fixed cost of producing 4 units. Show your work. (b) Identify the profit-maximizing quantity. Explain using marginal analysis if this company is maximizing profit or minimizing losses. (c) Calculate the economic profit (or loss) at the profit-maximizing quantity you identified in part (b). Show your work. (d) Based on your answer to part (c), will the number of firms in the industry increase, decrease, or stay the same in the long run? Explain. (e) Based on your answer to part (c), will the market price increase, decrease, or stay the same in the long run? Explain. (f) Set up two graphs side by side. The first graph drawn should reflect the market price of Good G with the demand and supply curves, label the market price provided and the equilibrium quantity Qe. The second graph of Good G should display MC, MR, ATC, AVC to reflect the situation above showing if a profit or loss occurred