Homework 8. This homework is about how a perfectly competitive firm whose production costs are characterized by the table below would be expected to react to alternative prices that it confronts in the market where its output is sold. Quantity TCC TVC TC MC AVC ATC 0 12 0 12 -- -- -- 1 12 4 16 4 2 12 6 3 12 10 4 12 16 5 12 24 6 12 34 7 12 46 8 12 60 9 12 76 1. Complete the table. Remember that: TCC + TVC = TC; AVC=TVC/Q; ATC=TC/Q; and MC is the amount by which TC increase when each additional unit is produced (so, for example, as shown above MC is 4 because 16-12=4).