Price (MR) Quantity Fixed Cost Variable Cost Average FC Average VC Total Cost Marginal Cost Average Total C. Total Revenue Total Profit $35.00 0 $40.00 $- $35.00 1 $40.00 $28.00 $40.00 $28.00 $68.00 $28.00 $68.00 $35.00 ($33.00) $35.00 2 $40.00 $48.00 40 48 88 48 88 $35:00 $35.00 3 $40.00 $64.00 $35.00 4 $40.00 $78.00 $35.00 5 $40.00 $90.00 $35.00 6 $40.00 $107.00 $35.00 7 $40.00 $129.00 $35.00 8 $40.00 $159.00 $35.00 9 $40.00 $199.00 $35.00 10 $40.00 $253.00 Fill in the missing cells above first (assuming you click & drag, verify that that that Excel is doing what your desired outcone is. 2(a) Graph the Average Fixed Cost (AFC), Marginal Cost (MC), Average Variable Cost (AVC), and Average Total Cost (ATC) on a single graph. Try to do the graphs in Excel or merely sescribe the ups downs and interesction of the lines in words. 2 (b) At what point or at what quantity of output closest to where the Marginal and average costs cross each other 2 (C )At what level is profit maximized? 2 (d)At what level is Total Revenue Maximized? 2 (e)Would you mximiza total revenue or total profit ___ Why? Explain.