i Revenues and Costs for a Fisher 2.50 Tools 2.25 n 2.00 MR AC 1.75 1.50 n n MC $ per kilogram 1.25 AVC 1.00 0.75 0.50 0.25 0 25 50 75 100 125 150 175 200 Quantity (kilograms per day)Refer to the profit maximization table below. A fisher who sells his mackerel catch in a perfectly competitive market faces revenues and costs as shown in the table. a. Fill in the table, writing out dollars and cents e.g. $1.00 or $0.10. Remember to include a minus (-) sign for any negative entries and to round 0.005 up to 0.01. (1) (2) (3 ) (4) Quantity (5) (6) (7) (8) (9) (10 Price Total Revenue Fixed Cost Variable Cost Total Cost Average Fixed Average Variable Average Cost Marginal Cost ($ per kilogram) (kilograms per ($) ($ ) ($) ($) Cost Cost ($ per day) ($ per kilogram) ($ per kilogram) ($ per kilogram) kilogram) 0.45 0 LOO 0 100 0.417 0.45 48 21.6 100 20 120 2.083 0.417 2.5 0.182 0. 45 92 41.4 106 28 128 1.083 0.304 1.391 0.365 0.45 144 64.8 100 47 147 0.694 0.326 1.021 0.65 0.45 164 73.38 100 60 160 0.61 0.366 0.976 1.5 0.45 188 84.6 100 96 196 0.532 0.532 1.049 b. Draw the marginal revenue, marginal cost, average variable, and average cost curves in the graph below. Using the tools provided plot only the 2 endpoints for the marginal revenue curve at the quantities of 0 and 188. Plot 5 points each for the marginal cost, average variable and average cost curves for a total of 17 points. To manually enter plotting coordinates click on a line segment between 2 plotted points then click the widget icon. Enter coordinates for the curve in the properties box that appears. Remember that marainal values such as marainal cost are plotted halfway between the two relevant quantity levels on thec. This fisher's protsmaximizing quantity (from the quantities shown in the table above) is fisher is making a d. The fisher's breakeven point is at a quantity (from the quantities shown in the table above) of (Click to select) v of$ e. The fisher's supply curve is O the average cost curve above the shutdown point. 0 the marginal cost curve below the breakeven point. 0 the average cost curve above the breakeven point. 0 the marginal cost curve above the shutdown point. The sher's shutdown point is at a quantity (from the quantities shown in the table above) of kilograms. At this quantity, the kilograms and a price of $ kilograms and a price of $ f. If, in the long run. price remains at $0.45 and the total costs shown in the table still apply, the sher will 0 leave the industry. 0 continue to make a positive economic profit. 0 break even. 0 continue to make an economic loss