The table below shows three people's willingness to pay for a public good; Willingness to Pay for a Public Good Quantity of the Public Good Willingness to Pay of Person 1 Willingness to Pay of Person 2 Willingness to Pay of Person 3 1 30 20 ?O 2 25 16 60 3 20 12 50 4 15 8 4O 5 10 4 30 Use this table to answer Question 4 and Quest-ion 5. Question 4 If the marginal cost of each unit of the public good is $110, how many units of the public good should be provided? Question 5 If the marginal cost of each unit of the public good is $45r how many units of the public good should be provided? Suppose Nlttany Bakery rents a building for $120 perdav, and they can hire workers For H5 per day. The short run labor and output (quantity of scones] information is listed below. Fi in the columns for total cost and marginal cost (Note: You mayr need to make columns for xed cost (PC) and variable cost [VCJ on a piece of scrap paper, which will make it easier to nd total cost (TEL) Do not enter any dollar signs, and if necessary, round to two decimal places. Short Run Labor, Output, and Costs labor (L) Output {Q} Total Cost (T C) Marginal Cost (MC) 0 0 __ l 4 2 12 3 24 4 40 5 60 6 F5 Consider a rm's short run costs shown below. Cost [5) 85 o 40 100 11.: antlty of Output Short run costs curves [text description i) a. When output is 40 units, what is the rm's average xed cost {AFC}? Do not include the $ in your answer. b. When output is 40 units, what is the rm's xed cost {FC}? Do not include the $ in your answer. c. When output is 40 units, what is the rm's variable cost WC]? Do not include the $ in your answer. d. When output is 100 units, what is the rm's average xed cost {AFC}? Do not include the $ in your answer. e. When output is 100 units, what is the rm's total cost {TC}? Do not include the $ in your