Question: Questions . Question 1: Fill in the empty cells in the following table: Data Table Variable Cost Quantity Fixed Cost (FC) Total Cost (TC) Avg.

Questions . Question 1: Fill in the empty cells in the following table: Data Table Variable Cost Quantity Fixed Cost (FC) Total Cost (TC) Avg. Fixed Cost Avg. Variable Avg. Total Cost Marginal Cost (VC) (AFC) Cost (AVC) (ATC) (MC) 0 80 n/a n/a n/a n/a 80 117 2 252 W 485 656 UT 765 6 1052 1197 8 1440 . Question 2: Draw a diagram (without numbers) that includes the following curves: AFC, AVC, ATC, and MC. Be sure to label the axis and all four curves

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1. What is the meaning of the information we are collecting?

3. How much information do we need to collect?