Microeconomics Ford F-150 Case Two Analyses of a Cost Table BACKGROUND According to a 2014 article that appeared in Fortune business magazine, the Ford F-150 earned $31.1 billion in revenues for 2013. The average price of the F-150 was about $40,000. Based on the empirical data, the total cost of producing the F-150 was about $18.7 billion. Let's assume that the fixed cost of producing the F-150 was $11 billion. Calculate the following cost table. Q P TC VC FC ATC AVC AFC BACKGROUND 2 Using the data that was generated in the above Cost Table, show a second cost table for six individual F - 150s such that: Q__________VC__________FC__________TC____________________MC 0 1 2 3 4 5 6 Briefly Explain What analysis (cost table), do you think, is better for decision making and why?