Help please!

1. The accompanying table shows Mcdonald's total cost for producing Big Macs per hour. Mcdonald is operating in a perfectly competitive industry. Quantity of Big Macs produced per hour Total Cost $100 10 130 20 150 30 165 40 177 50 187 60 200 70 220 80 260 90 320 100 400 a) What is Mcdonald's fixed cost? b) For each level of output, calculate the variable cost (VC). For each level of output except zero output, calculate the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC). What is the minimum-cost output? c) For each level of output, calculate Mcdonald's marginal cost (MC). d) On one diagram, draw Mcdonald's AVC, ATC, and MC curves. (You only need to indicate the important points). e) What is Mcdonald's break-even price? Explain. f) What is Mcdonald's shut-down price? Explain. g) Suppose the price of a Big Mac is $5, should Mcdonald produce in the short run? Explain. If it is preferable to produce, what will be the profit maximizing or loss-minimizing output? What economic profit or loss will Mcdonald realize? h) Suppose the price of a Big Mac is $2, should Mcdonald produce in the short run? Explain. If it is preferable to produce, what will be the profit maximizing or loss-minimizing output? What economic profit or loss will Mcdonald realize? i) The price of a Big Mac is $1.50, should Mcdonald produce in the short run? Explain. If it is preferable to produce, what will be the profit maximizing or loss-minimizing output? What economic profit or loss will Mcdonald realize