I. Annie sells a single rose for ten pesos each.Her total fixed cost is 80. Complete the table below. Show all formula and solutions.One formula per column is enough.NO SOLUTION, NO POINT.No screenshots allowed. [45 points] Note:Letter "O" is deliberately not used so as not to confuse with number zero.

Quantity......Price.......TFC...........TVC..........TC...........TR............Profit

0........................A...........J..............0................Y...........AC...........AL

10......................B...........K..............100...........Z..........AD...........AM

20.....................C...........L................T.............200......AE...........AN

30.....................D...........M...............130..........AA.......AF...........AP

40.....................E...........N................U............215........AG..........AQ

50.....................F............P.................V............230......AH..........AR

60....................G............Q................W...........250.......AI...........AS

70....................H.............R................X...........275.......AJ...........AT

80.....................I..............S..............220...........AB......AK..........AU

II. Write TRUE if the statement is true and FALSE, if false. DO NOT COPY the statements, directly answer after each number. [10 points]

1.The MP of the variable input is at its maximum point if MP > AP, in a short-run period.

2.The AP and MP of the variable input during the short-run period are equal at the point where TP is decreasing.

3.At the point where the AP > MP, the AP is increasing.

4.The law of diminishing return maintains that the MP of a variable input will gradually decline if TP increases while an input remains fixed.

5.The second phase of production starts at the level of TP where the AP is at its maximum and MP is equal to zero.

6.The first phase of production starts where the AP is equal to MP of the variable input.

7.Basically, a firm should add variable inputs as long as MP > AP.

8.Marginal cost information is more important to managerial decisions than the ATC, AFC or AVC.

9.The MC is the change in the ATC divided by the change in output.

10.The MC curve is always greater than ATC at any point in the production.