MG 640 WK 6 HW t References Mailings Review View Table Design Layout No Spacing Heading1 Heading 2 Question XYZ restaurant sells donuts at $2 per unit. It uses capital (which it rents at $5 per hour under a contract for 5 and labor (which is paid a wage of $150 per hour of labor services). Complete the following table and use that information to answer the following questions MPL APL VML 50 100 75 150 125 225125 250 5 4 375 75 150 450 -50 100 400 25 150 425 25 50 100 450 50 50 25 10 MG 640 WK 6 HW nces Mailings Review View Table Design Layout AaBbCcDdEe AaBbCcD AaBbCcD Normal iJiNo spacing Heading 1 Heading 2 450 450 s0 100 400 25 150 425 25 50 450 50 100 500 25 10 50 525 a. Complete the Table above MG 640 WK 6 HW ferences Mailings Review View Table Design Layout No Spacing Heading1 Heading 2 Normal b. Define firm's fixed costs. Next, what is Firm's FC in the Table above. Why? c. Define the Firm's Variable Costs. Next, what is the VC in the Table above? Determine the Firm's Total Cost of producing 50 units of output d. What is the variable cost of producing 375 units of output? WHY e. f. How many units of the variable input should be used to maximize profits? SHOW WORK g. Define profit? What are the maximum profits this firm can earn? SHOW WORK