PROBLEM-SOLVING Direction: Complete the table below by computing the Total Cost (TC), Average Fixed Cost (AFC), Average Variable Cost (AVC). Average Total Cost (ATC), Marginal Cost (MC), and Marginal Revenue (MR). Make your work clean and tidy. Consider the set selling price at P120 per unit. Avoid erasures. Total Total Total Average Average Average Marginal Total Marginal Fixed Variable Cost Fixed Variable Total Cost (MC) Revenue Revenue Output Cost Cast (TC) Cost Cost Cost (TR) (MR) (TFC) (TVG (AFC) (AVC) (ATC] D 75 75 25 120 75 55 240 75 60 360 75 75 480 5 75 90 600 75 145 720 75 225 B40 75 355 960 9 75 555 1.080 Questions: 1. At what point did the firm was able to maximize its profit given the complete data provided in the matrix? 2. At what point/quantity did the firm able to generate the highest revenue? 3. At what point/quantity should the firm need to shut down its operation? 4. At what point/quantity did the firm able to generate the biggest change in marginal revenue?B C D E F G H K OUTPUT TFC TVC TO AFC AVC ATC MC TR MR 0 75 0 75 75 25 100 75 25 100 25 120 120 2 75 55 130 37.5 27.5 65 30 240 120 3 75 60 135 25 20 45 5 360 120 4 75 75 150 18.7 18.7 37.5 15 480 120 5 75 90 165 15 18 33 15 600 120 6 75 145 220 12.5 24.1 36.6 55 720 120 7 75 225 300 10.7 32.1 42.8 80 840 120 8 75 355 430 9.3 44.3 53.7 130 960 120 9 75 555 630 8.3 61.6 70 200 1080 120 +