Problem 1 Pick's is a small ice cream shop that sells in a university town. Pick's pays each of his workers 80$ per day. He pays a rent for the showroom of 100 dollars and a rent of 50 dollars for the machines. Fixed cost Total cost Quantity Labor of Quantity of ice- Variable cream cost Marginal cost WNO 110 200 270 300 320 330 a) Fill in the table the variable cost, fixed cost, total costs, and marginal cost per ice cream. Show the formula used for each calculation and steps for the first line only (30 points) b) Draw the marginal cost. What can you conclude? (20 points) Problem 2 You have the information shown in the table about a firm's costs. Complete the missing data. (50 points) Output Fixed Cost 1,080 Variable Total Cost Cost Marginal Cost 0 1 1,080 400 1,480 400 450 1,350 1,350 2,430 1,900 2,500 4,280 700 4,100 5,400 9 1,080 7,300 10,880