QUESTION #2 Lucy's lasagna is operating in a perfectly completive market that has the following costs: # of Plates Total Cost TVC AVC ATC MC 0 $6 1 16 2 20 36 4 54 Underline (U) 5 74 (a) Complete the above table. Calculate MC at the mid-points of the output levels. (20 points) (b) If lasagna sells for $18 a plate, what is Lucy's profit maximizing output? Explain. (10 points) (c) What is the price and output of lasagna in the long run? Explain. (10 points)