Question: 3. Below is information regarding Cory's Surfboard Inc. Complete the table and do the following ( /5): a. On a large graph, plot the MC,

3. Below is information regarding Cory's Surfboard Inc. Complete the table and do the following ( /5): a. On a large graph, plot the MC, AFC, AVC, and ATC curves from this data (_ /5) b. EXPLAIN what would happen to each of Cory's per unit cost curves if the price of Styrofoam blanks (a variable input) increases. How would the cost curves change if there were an increase in his rent (a fixed input)? Explain why the results are different. (_ /5) c. If the market for surfboards was perfectly competitive and the market price was $150, how many surfboards should Cory make and how much profit will he make for EACH surfboard? Draw the firms demand on your graph in a. Explain how you got your

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