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Styles Editing Problem 2 (30 points) The below table reports the total fixed cost and variable cost of the production of ice cream per day for a new producer. The Producer would like to find at which level of production he will be able to minimize his cost of output Total fixed cost (dollars) Total variable cost (dollars) Labor Output (workers) (units per day) 0 0 1 4 2 9 3 13 4. 16 5 18 20 20 20 20 20 20 0 25 50 75 100 125 a) Explain to the producer what are the steps of calculation that he should do to minimize the cost of output. (10 points) b) Apply the steps while filling in the table. At which level of production would the producer minimize his cost? (20 points) C Focus @ DO a