Problem 2. Maggie wants to open a ower shop in Easton. She has a choice of three different floor sizes: 200 sq. feet, 500 sq. feet, and 1000 sq. feet. The monthly rent is $1 per sq. foot. Maggie estimates that if she has F sq. feet of floor 1 space and sells y bouquets a month, her variable cost will be cv(y) = 5%. Note: Given that variable cost is cv(y) = % the marginal cost is Mpr) = 2% for some F. (h) What is the average cost of a bouquet at ygm? (i) What is Maggie's marginal cost of a bouquet, if she has 1000 sq. feet of floor space, MClmo(y)? 0) What is Maggie's average cost of a bouquet, if she has 1000 sq. feet of oor space, 1410100002)? (R) At what level of output the average cost achieves minimum (find y'fm)? (I) What is the aVerage cost of a bouquet at y'fmn? (m) Use different colors to plot average and marginal costs (M02000) and (4020002), MCsoo (y) and AC500(y),MCmoo(y) and AC1m0(y)) on the same graph. Label each curve accordingly. (n) Use different color to draw Maggie's long-run average cost curve and label this curve LRAC