Question 2 (30 marks) (No need to show your calculations for this question) Perfect Speed Ltd. is a car manufacturer. The following table shows part of the cost information of the company. Perfect Speed's total fixed cost is $1,000,000. A. Fill in the average variable cost at quantities 1 to 6 in the table. (6 marks) Average Variable Cost $ Quantity of Total Cost $ Output 0 1,000,000 12 1,210,000 2e 1,331,000 3e 1,464,000 42 1,609,000 se 1,770,000 6 2,324,550 + At what quantity of output is the company's efficient scale? Explain. (10 marks tttt tt t C. Is the company experiencing diminishing marginal product? Explain. (10 marks) t 1 tttttt t D. Suppose the company's fixed cost rises from $1,000,000 to $1,100,000. 1) Would the average total cost curve shift upward, downward or remain unchanged? No explanation needed. (2 marks) tttt tt ii) Would the average variable cost curve shift upward, downward or remain unchanged? No explanation needed. (2 marks) tttttttt