Please show work & 1-5. number 5 "Average variable cost" - the question was cut off.

Short Run Production Costs H.W. Asg., (Ch. 8) Average-Cost Marginal Data Cost Total Cost Data (7} (7' 8 {1} {5} Average Average Average Marginal Average Total Quantity Total Total Total Fixed Variable Total Cost Cost Cost Cost Cost Cost (Total Fixed Variable (TC) (AFC) (AVC) (ATC) (ATC)) (MC) Cost MC= change Product) Cost (TFC) (TVC) in TO change in O 0 $100 $0 $100 100 90 2 100 170 3 100 240 100 300 5 100 370 6 100 150 -J 100 540 8 100 650 9 100 780 10 100 930 1.Fill in {7} col. using Total Cost data, i.e.Col. (4). Fill in (7'} using Avg cost data, i.e. Col. (5} & (6}. Show an example of your calculations for both. 2. Draw the Average Variable Cost curve, Average Total Cost curve and the Marginal Cost curve all together on one graph. *See next sheet. 3. What is the quantity where the Avg. Variable Cost and Marg. Cost curves intersect. quantity* 4. Why is Avg. Variable Cost curve U-shaped in the Short Run? (U-shaped means AVC decreases and then increases.) Hint: See your textbook. 5. What is happening to Avg. Variable Costs at the point to the left of where Marg. Cost curve intersects Avg. Variable