1. Teresa's Tacoworks, LLC., a manufacturer of ethnic condiments, has the following production table. Fill in the blanks, and then answer the following questions:

Q FC VC TC MC AC AFC AVC

0 ___ 0 $100 ____ _____ _____ _____

1 ____ $200 ____ ____ _____ _____ _____

2 ___ 500 _____ ____ ____ _____ _____

3 ___ 800 _____ _____ _____ _____ _____

4 ___ 1200 _____ _____ _____ _____ ______

(a) The fixed costs when the plant is shut are --------------

(b) The average variable costs of three units are _________

(c) The marginal cost of producing the fourth unit is ____

(d) The optimal point of production is at ____units

(e) The average total cost of producing two units is _____