Question 3 10 pts Below is information that pertains to a firm operating in a perfectly competitive market: Price $6.30 Quantity 1,350 TR TC $4,725 TFC TVC ATC Minimum AVC $3.00 MC Utilize the information above to answer the following questions: MacBook Pro 20 F3 F4 DII DD F5 F6 F7 F 8 F917784/quizzes/48233/take TVC ATC Minimum AVC $3.00 MC Utilize the information above to answer the following questions: 1) What is the average total cost for this firm at that specific quantity? 2) What is marginal cost for the firm operating at that specific quantity? 3) Given the information above, should the firm either decrease production, increase production, shut down in the short run, or are they operating at the correct level of output? 4) Solve for TR, TFC, and TVC. Submit your calculations into the textbox as an image. Please make sure that your image is NOT an HEIC or HEIF file. You should upload your image as a JPEG file or a PNG file. Edit View Insert Format Tools Table 12pt v Paragraph ~ | B I U A & Try Q V. QV ... 1. Average Total Cost: Total Cost/ Total Quantity of Output Produced $4725/1350= $3.5--> ATC= $3.5 MacBook Pro