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is information regarding Ryan's Surfboard Corp. Complete the table and do the following: data On a large graph on the back of this paper, plot the MC, AFC, AVC, and ATC curves from this Total Variable Costs Total Cost Average Fixed Average Variable Average Total Product (TVC) (TC) Cost (AFC) Marginal Cost (AVC) Cost (ATC) Cost (MC) O SO $100 O O 1 60 160 10o 60 160 lao 60 2 90 us as 36 3 130 230 38. 33 43.33 76-667 40 4 180 280 25 us 70 So 5 250 350 20 So 70 6 340 uyo 16.667 56-667 73.33 90 7 490 sao 19.28 70 84. 28 150 8 680 180 12.5 85 97.5 b. EXPLAIN: . What would happen to each of Ryan's per unit cost curves if the price of Styrofoam blanks (a variable input) increases? shift up ile AVC, Atc, asMC all increase if variable costs increase How would the cost curves change if there were an increase in his rent (a fixed input)? . Explain why the results are different. The AFC and Ate shiftup, Thesediffer for ave and me Stay The sue be the cost of havemy add richal hisit Changes it only fine If the market for surfboards was perfectly competitive (they can sell as many surfboards as they want at the market price) and the market price was $150, how many surfboards should Ryan make AND how much profit will he make for EACH surfboard? (show your math) amount Made would be 8. 150- 97.5= 52 Profit for each = SQ.s / tuluRight= 420