Suppose for a company Total Cost equals to $100 when nothing is produced. TVC equals to 40, 60, 90, 124, 180, 264, 372 for quantities 1, 2, 3, 4, 5, 6, 7 respectively.

Total cost equals to ...... when quantity is 2
If the market price is $34, then this firm s maximum profit equals to ....
Average Variable cost equals to ..... when quantity is 3
Average Fixed cost equals to ...... when quantity is four
If the market price is $34, then this firm will maximize profits by producing ................ units of output
Marginal cost equals to ...... when quantity is 5
Average Total Cost equals to ..... when quantity is 5
If the market price is $34, then in the long run the firm will
Marginal cost equals to ...... when quantity is 3
If the market price is $34, then in the short run the firm will