There are three types of dance studios in a competitive market in Des Moines. Iowa. Due to the peculiarities of zoning in Des Moines. commercial space can be rented in only three sizes: 1000 square feet, 2000 square feet. and 3000 square feet. For each of the three sizes of dance studios, the information below shows the number of dance lessons that can be given by your full-time dance instructors. Iowa labor law requires you to hire people full-time or not at all. For every 1000 square feet of space you rent, the monthly rent is $5,000 and you must sign a oneyear lease. The monthly wage for a full time dance instructor is $2,000. These represent all economic costs including the normal prot. b. For firms with each studio size at each number of instructors, determine variable cost, total cost, average variable cost per lesson, average total cost per lesson, and the marginal cost of an additional lesson. (8 points)1000 Sq Ft Number of # of Lessons Total Fixed Total Variable Total Cost MC AFC AVC ATC Price TR TP Instructors 0 7000 0 7000 0.00 0.00 0.00 0.00 70.00 0.00 0.00 100 7000 100 7100 71.00 7100.00 1.00 7101.00 70.00 7000 -100.00 152 7000 252 7252 47.71 3626.00 1.66 3627.66 70.00 10640 3388.00 W N 193 7000 445 7445 38.58 2481.67 2.31 2483.97 70.00 13510 6065.00 215 7000 660 7660 35.63 1915.00 3.07 1918.07 70.00 15050 7390.00 233 7000 893 7893 33.88 1578.60 3.83 1582.43 70.00 16310 8417.00 YOUA 249 7000 1142 8142 32.70 1357.00 4.59 1361.59 70.00 17430 9288.00 263 7000 1405 8405 31.96 1200.71 5.34 1206.06 70.00 18410 10005.00