Sugar Plum Oak is an Amish, handmade, furniture production company based in Norfolk, NE One of their signature items is handmade rocking chass. Suppose you afe analyting weekly cost data for handmade rocking chairs at a firm fike Sugar Pium Qak. a) Using the Total Cost schedule provided, calculate total and average fixed cost and vanable cost, average total cost, and marginal cost: b) Use Excel to graph ATC, AVC, and MC c) What does the space between ATC and AVC in the graph represent? Why? d) Using the same graph, at how many units does MC intersect the ATC curve? Why? c) Is ATC maximized or minimized at this point? Why? Sugar Plum Oak is an Amish, handmade, furniture production company based in Norfolk, NE One of their signature items is handmade rocking chass. Suppose you afe analyting weekly cost data for handmade rocking chairs at a firm fike Sugar Pium Qak. a) Using the Total Cost schedule provided, calculate total and average fixed cost and vanable cost, average total cost, and marginal cost: b) Use Excel to graph ATC, AVC, and MC c) What does the space between ATC and AVC in the graph represent? Why? d) Using the same graph, at how many units does MC intersect the ATC curve? Why? c) Is ATC maximized or minimized at this point? Why