Question 5 10 pts Complete the following table. Missing values are denoted by a number inside parentheses (X). Place your answers in the corresponding numbered fields below the table. Quantity FC VC TC AFC AVC ATC 96 MC (1) 1 --- (2) (3) 121 (4) (5) (6) (8) (7) (9) (10) (11) 20 (12) - W N (14) (13) (15) (16) (17) (18) (19) (20) 20 (21) (22) (23 ) (24) 46 (25)Question 8 8 pts Suppose that a perfectly competitive firm has Fixed Cost = 50 and Variable Cost = 22, so that MC = 4q. If the price is $32, how much will the firm produce, and what is the maximum profit this firm could make? The firm will produce units. The firm's maximum profit is $ Note: To earn the full 8 points for this question, you must enter the correct numbers in the box AND upload your work, showing how you arrived at your answers. You will upload this work, along with your work for all the other exam questions, as a single pdf at the end of the exam. Question 9 6 pts For each of the following production functions, determine whether it exhibits increasing, constant, or decreasing returns to scale. Select your answer from the dropdown box. a. Q = 2LK - L [ Select ] b. Q = Min(3L, K) [ Select ] [ Select ] Increasing c. Q = L1/3 K1/3 IS Constant Decreasing