4. Complete the following table which contains information about information about input and output in the short run. Suppose the firm pays a wage rate of $25 per unit of labor per day and the firm pays a fixed rent of $25 per day. Note: TFC = Total Fixed Cost; TVC = Total Variable Cost; TC = Total Cost; TC = TFC + TVC; MFC = Marginal Fixed Cost; MVC = Marginal Variable Cost; Marginal Total Cost = MTC; MTC = MFC + MVC; AFC = Average Fixed Cost; AVC = Average Variable Cost; ATC = Average Total Cost; ATC = AFC + AVC. 0 0 1 4 2 10 3 13 4 15 5 16 Labor (L) Output (Q) TFC TVC TC MFC MVC MTC AFC AVC