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The following table shows possible monthly output with price per unit, fixed cost and variable cost. 2.1. Complete the table below(if needed, round to the

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The following table shows possible monthly output with price per unit, fixed cost and variable cost.

2.1. Complete the table below(if needed, round to the second decimal place). (3 points)

Quantity

Price per unit

Total revenue

Marginal revenue

Fixed cost

Variable cost

Total cost

Average Variable cost

Average Total cost

Marginal Cost

Profit

0

10.5

N/A

300

0

N/A

N/A

N/A

10

10.5

300

60

20

10.5

300

100

30

10.5

300

150

40

10.5

300

230

50

10.5

300

335

60

10.5

300

490

2.2. Graph AFC, AVC, ATC, and MC using thecoordinate plane below. (3 points)

* Graph lines do not need to be super accurate.

2.3. Indicate the area that represents total revenue, total cost and profit (or loss) at profit maximization (or loss minimization) point (3 points)

* You don't need to find the exact profit maximization (or loss minimization) quantity.

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