. Wouhave collected the following data on output and total variable costs: Q TVC (35) 10 24,450 20 39,500 30 43,150 40 52,300 \\ 50 56,250 50 51,200 70 70,350 80 86,400 90 112,050 100 150,000 ldensify the range oiJutput exhibiting increasing returns (increasing MP), and the range exhibiting diminishing returns (decreasing MP). Current xed costs for the company aqua} $14,300. Draw two graphs, both with Q on the horizontal axis: one graph shows WC and TC, and the other shows AVC, AC, and MC. Suppose that the government imposes a $11,500 property tax hike on a1: businesses; how'wiil that affect you: two 3% i.e., which cost curves will be affected and how? Suppose instead that the government considers your production process to be gong} E and imposes a $210 lax pet unit produced (replacing the propey lax inthe prewious question). How does this 122; increase compare to the moped)? lax increase, interms ofthe effect [IDYUUE company's cost curves? 6. Your boss says \"ether ofthese taxes is going to force us to change our production levels.\" Given what you know about optimization analysis, how would you respond? 909'.\