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Question 4 [53 points] The table below outlines some data obtained from a firm's research on their costs when producing certain quantities of output. The firm has a fixed cost of $13,000 for the following data. Complete the following question. (If necessary round your answers to two decimal places.) a) Fill in the blanks in the following table. Units of Total Fixed Total Variable Total Cost Marginal Average Average Output Cost Cost Fixed Cost Variable Average Cost Cost Total Cost 100 7,000 0 -- 110 O O 7,900 120 0 8,600 150 10 11,000 OO 180 0 14,000 190 0 15,500 ooo o O oo 220 20,000 230 21,500 OO o o o o o o o O oooo oo OO b) Graph your answer for total fixed cost on the graph below. Select the curve you wish to graph from the drop-down box at the top of the graph. (You must plot all points to receive full marks.) Total Fixed Cost 32000 https://laecon1.lyryx.com/student-servlets/LabServlet?ccid=3767# Search or type URL $ % 2 3 4 8 O21,500 0 0 0 0 b) Graph your answer for total fixed cost on the graph below. Select the curve you wish to graph from the drop-down box at the top of the graph. (You must plot all points to receive full marks.) Total Fixed Cost 32000 28000 240007 Cost ($) 20000 TC 16000 12000 8000- TVC 4000 30 60 90 120 150 Reset 180 210 Units of Output 240 c) Graph all your answers for average total cost, and marginal cost on the graph below. Select the curve you wish to graph from the drop-down box at the top of the graph. (You must plot all points to receive full marks.) Marginal Cost 240- 210- 180- Search or type URL @ % &receive full marks.) c) Graph all your answers for average total cost, and marginal cost on the graph below. Select the curve you wish to graph from the drop-down box at the top of the graph. (You must plot all points to Marginal Cost 240 210 180 Cost ($) per unit 150 120 90 AVC 60- 30- O 30 60 90 120 150 180 210 240 Reset Units of Output Official Time: 18:02:14 SUBMIT AND MARK SAVE AND CLOSE Search or type URL. &