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1. A firm's total fixed cost is $360,000. Construct a table of 6. Af its total and average fixed costs for output levels varying sea from zero to 6 units. Draw the corresponding TFC and ble AFC curves. 325 2. With the following data, calculate the firm's AVC and cre MVC and draw the graphs for TVC, AVC, and MVC. 7. Su Why is MVC the same as MC? an COS Total bu Quantity Variable Costs (N $40,000 cre 80,000 firm 120,000 8. Na 4 176,000 po 5 240,000 chi 6 360,000 the to t is t 3. From the data in Test Yourself Questions 1 and 2, calcu- ma late TC and AC for each of the output levels from 1 to 6 9. Lal units and draw the two graphs. bus