Instructions: The included spreadsheet titled "Data Exercise 4.xlsx" contains a data table showing the costs and revenue for a firm to produce buffalo chips (all quantities are in tons) at various levels of production. a) Fill in the missing values in the cost table. Show two decimal places for TC, FC, VC, and MC. Show four decimal places for AFC, AVC, and ATC. b) Fill in the missing values in the revenue table. Show two decimal places. c) Given the cost structure seen in part (a) above and the demand seen in part (b), what is the monopolist's profit maximizing price and quantity? d) Calculate the monopoly profit. Will the business shut down in the short-run? e) You are considering whether to buy a firm which has market power. One analyst tells you that the firm will earn at least one hundred dollars more than the amount you calculated in part (d) above. You have several years of profit data. Specify null and alternate hypotheses which will allow the data to prove that this would be a good purchase. f) Suppose the measured average of profit for the firm is in the 1% rejection region of the test. Describe your conclusion both in terms of the hypotheses and whether the business would be a good purchase. g) Suppose the measured average of profit for the firm is not in the 1% rejection region of the test. Describe your conclusion both in terms of the hypotheses and whether the business would be a good purchase.