Given are the formulas for computing. Read the instructions below and do as indicated. Answer the questions below and provide a solution for each. Then make graphs.

COSTS OF PRODUCTION FORMULAS . Total cost (TC) = total fixed cost (TFC) + total variable cost (TVC) Total Product (TP) - Average fixed cost (AFC) = TFC + output or total product or quantity Average variable cost = TVC + output or total product or quantity - Marginal cost (MC)= change in total Cost (TC) : change in TP or output - Average total cost (ATC) = AFC + AVC or - Average Total Cost = TC : TP - Total Revenue (TR) = price x TP - Total Profit/Loss = TR - TC - Break even : TR - TC = 0 Hypothetical problem . A corn farmer produces 300 sacks of corn at 50 kgs./sack. . Prevailing price of corn/sack is P1,200. . He incurred the following annual expenses (P): Fixed costs: land rent @5,000; irrigation fee@3,000; warehouse @2,500; insurance @3,000; interest on loan @4,200; entrepreneurhip@7,000; salaries/wages@10,000; taxes@4,600; depreciation@2,600 Variable costs: seeds@5,000; fertilizer@ 10,500: labor@18,000; pesticides@8,000; tractor@3,000; transportation, @3,500. . Compute for: . 1. Total Cost, Total Fixed Cost, Total Variable Cost . 2. Average total cost, average fixed cost, average variable cost . 3. Total Revenue, average revenue . 4. Total profit or Loss