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You will use the chart below for the next few questions. You do not need to ll out the entire thing to answer them (especially the average columns), but it might be good practice. :YKYMc m AFcTc 10 NA 12.00 2.00 11 128 12 116 13 13 14 165 15 17 18 180 Based on the chart above, what are xed costs? Based on the chart above, what is the total cost when Q = 12? 128 Based on the chart above, what is the VC of the 13th unit? 13based on the chart above, what is the MC of the 12th unit? 2Suppose a firm has very high FC and low MC. Which is true about the firm's average costs? O ATC will probably fall as Q increases. O ATC will probably rise as Q increases O VC will be relatively high O AFC will be constant. If MC is low it means that producing an extra unit doesn't increase total cost very much.Suppose ATC stays the same as the firm produces more output. What does this tell us about MC? O MC must be equal to ATC O MC must be increasing O Nothing - the two are not related O MC must be lower than ATC O MC must be staying the same but it could be higher or lower than ATC