Table 1 Smart Total Variable Average Average Average Marginal cell Cost Costs Variable Total Fixed Cost (MC) phones (TC) (VC) Costs Costs Cost (3 points) produced (2 points) (AVC) (ATC) (AFC) in an (2 points) (2 points) (2 points) hour a. b. C. d. e. 0 $3,200 n/a n/a n/a n/a 15 $3,525 325 21.67 235 213.33 21.67 30 $3,875 675 22.50 129.17 106.67 23.33 45 $4,250 1050 23.33 94.44 71.11 25 60 $4,650 1450 24.17 77.50 53.33 26.67 75 $5,075 1875 25 67.67 42.67 28.33 90 $5,525 2325 25.83 61.39 35.55 30 105 $6,725 3525 33.57 64.05 30.47 80 120 $8,210 5010 41.75 68.42 26.67 99 135 $9,950 6750 50 73.70 23.70 116 3. Based on your calculations in completing the table in Question 2, what is this manufacturer's minimum cost output level? Explain your answer. (3 points) The minimum cost is the level of total cost output when the average total cost is at it's lowest. It displayed by a U-shaped portion of the curve of the total cost. With our table above, the minimum output level is at 90 cellphones per hour because it has the lowest total cost of 61.39