Question Tow: (26 marks) (B3, D2, D4) 1 The following data for a small farm operating in a perfectly competitive market are given in the table below. The price is $10 per yogurt. " TCo 100a 100 200a 20 280D 30 3300 400 360 50 380a 60 390a 70 4250 80a 500p 900 610p 100a 750a Instructions: " 1. Using excel, find (TFC, TVC, AFC, AVC, ATC, MC, TR, AR, MR, and profit). (5 marks) 2. -Draw (TC, TVC and TFC curves) and explain the relation between these curves. (4 marks)" 3. -Using excel, Draw (ATC, AVC, AFC and MC curves) and explain the relation between these curves. (6 marks) 4. -Determine the optimal level of output and calculate the amount of profit at that level of output. (2 marks) " 5. -What is the firm's decision at that price? (whether to produce or to shutdown), justify your answer. (3 marks) 6.-Show the range of output at which the firm experience IMR and DMR. (2 marks) 7. -Using excel, now suppose the price of strawberry yoghurt decreases to $5.5 per unit, what is the right decision firm should take, (produce or shutdown) justify your answer. (4 marks)