Part II- Evaluate the economic efciency and equilibrium of a company that has xed costs of $80.00 and variable costs as indicated in the table. production cost Variable cost Fixed Average Cost (CPF) Average Average Variable Cost (CPV) Total Cost (OPT) Marginal Cost (MC) 10 480 1. After completing the table, prepare a graph to represent the firm's total fixed cost, total variable cost, and total cost. Explain how the law of diminishing returns influences the shapes of the variable cost and total cost curves. . Produces a graph for the CPF, CPV. CPT and CMg. Explain howr it is calculated, the shape of each of these four curves, and the relationships between them. . Explain how the location of each curve on the graph would be altered if the total fixed cost changed to $110.00 instead of $30.00