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Hey, I really need help with my micro assignment Include correctly labeled diagrams} if useful or required, in explaining your answers. A correctly labeled diagram

Hey, I really need help with my micro assignment

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Include correctly labeled diagrams} if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. if the question prompts you to "Calculate,\" you must show how you arrived at your nal answer. G Mll 3 4 ! HIGH The table above shows the total cost function for a typical rm producing hats in a perfectly competitive market. The market price for hats is $9 per hat. {a} Calculate the average variable cost of the fifth unit. Show your work. (b) What is the firm's protmaximizing quantity of hats? Explain using marginal analysis. (c) Draw a correctly labeled graph showing the rm's demand and marginal cost curves and show the prot-maximizing quantity of hats determined in part (b). (d) If the rent of the building the firm occupies incre asesr what will happen to the firm's prot-maximizing quantity of output in the short run?I Explain

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