QUESTION 3 (20 marks) Complete the missing values in the table below. You do not need to show the workings. Copy the table onto your writing paper and fill in the blanks. 8) (5 marks) Output Total Fixed Total Total Cost Marginal (0) Cost Variable Cost Cost 0 - 200 - 2 100 300 5 200 9 300 500 14 400 600 Johnson works as a store manager and earns $32,000 a year. He is thinking of leaving his job and starting his own business. He owns a building that is currently rented out for $10,000 a year. He plans to use this building for his own business. Johnson has some money in the bank which eans him an interest of $3,000 a year. This money is to be invested in his business. Johnson has worked out the following estimates for his new business: Total Sales Revenue Cost of raw materials Employees' wages Utilities Taxes Advertising expenses $130,000 $85,000 $20,000 $5,000 $5,000 $10,000 Advise Johnson on whether he should give up hisjob and start this new business. Explain your rationale clearly with the relevant workingslcalculations. (5 marks) c) The following information is given about Silver Bay, a town on an island off the coast of Australia. Civilian Adult Population 800m Civilian adults in institutions 15m Retired people 20m Number of adults with full time job 500m Number of adults with part time job 140m Number of adults without a job but looking for one 85m Number of adults without a job and not looking for 40m one Calculate the unemployment rate of Silver Bay. [State the formula and show full workings]. State the final answer in a complete sentence, correct to one decimal place. (5 marks) d) An economist in Silver Bay suggests that the town should be aiming for a zero percent unemployment rate. Comment on whether this is possible and is it desirable