parts Part i) (6 marks) Assume that a perfectly competitive firm has the schedule of average and marginal costs given in the table (1) Total product (2) Total var. (3) Total cost (4) AFC (5) AVC (6) ATC cost (7) MC 0 $40 55 95 N - $40 $55 $95 $55 75 115 20 37 50 57 50 3 20 90 130 13.33 30 43.33 15 110 150 10 5 27.50 37 50 20 135 175 8 27 35 6 25 170 210 6.67 28.33 35 35 220 260 5.71 31.43 8 37.14 50 290 330 5 36.25 41.25 70 For every possible price in the table below, answer what the quantity supplied will be and calculate the economic Show your calculations. Product Quantity Profit (+) price supplied or loss (-) $72 52 45 28 22 15 DELL