p 2-8: Taylor Chemicals Taylor Chemicals produces a particular chemical at a fixed cost of $1000 per day. The following displays how marginal cost varies with output (in cases): Quantity - Marginal Cost 1 - $500 2 - 400 3 - 325 4 - 275 5 - 325 6 - 400 7 - 500 8 - 625 9 - 775 10 - 950 a. given the preceding data, construct a table that reports total cost and average cost at various output levels from 1 to 10 cases. b. at what quantity is average cost minimized? c. does marginal cost always intersect average cost at minimum average cost? Why?