Question: please answer c ***Micro Review*** 8. Refer to the table provided. The price is equal to $14 Quantity Variable Total Marginal of Cost Cost Cost

please answer c

please answer c ***Micro Review*** 8. Refer to the table provided. The

***Micro Review*** 8. Refer to the table provided. The price is equal to $14 Quantity Variable Total Marginal of Cost Cost Cost Potatoes (VC) (TC) (MC) (Bushels) 0 SO $14 $16 $30 $16 2 $22 $36 $6 W $30 $44 $8 4 $42 $56 $12 $58 $72 $16 6 $78 $92 $20 7 $102 $116 $24 a. What is the firm's marginal cost at each quantity (fill in the chart) (2 pts) b. What is the firm's fixed cost? (1 point) Fixed Cost= $14 c. What is the average variable cost of producing 3 units? (1 point)

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