7. Utilizing the chicken wing production function that we completed in the Module 2 homework assignment which would have the following answers, respond to the questions given, assuming the firm is a perfectly competitive firm: Input Output (Hours) (Wings) MPP TFC TVC TC AFC AVC ATC MC 25 18 250 212.50 462.50 2.1 1.8 3.9 6.7 1.3 35 185 250 297.50 547.50 1.4 1.6 3.0 5.7 1.5 45 242 250 382.50 632.50 1.0 1.6 2.6 5.1 1.7 55 293 250 467.50 717.50 0.9 1.6 2.4 3.8 2.2 65 331 250 552.50 802.50 0.8 1.7 2.4 2.9 2.9 75 360 250 637.50 887.50 0.7 1.8 2.5