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Question 3 The graph below belongs to a perfectly competitive firm. 40 [ Quantity 3 0.6 15 20 1. In the short run, what is

Question 3 The graph below belongs to a perfectly competitive firm. 40 [ Quantity 3 0.6 15 20 1. In the short run, what is the total fixed cost for this firm? Explain your answer fully. 2. Supposze thiz firm produces 15 units of output. What is the firm's AVC of production when it produces 15 units of output? What is the total variable cost of producing this level of output

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