Use the table below in responding to the next four questions. Output: 2 3 4 5 6 7 8 Total Cost (in $): 3.00 4.00 4.50 5.10 5.80 7.00 9.00 11.40 19.00 6. The firm's Total Fixed Cost (TFC) of producing five units of output is: a. $1.80. b. $15.00. c. $3.00. d. $1.20. e. Unavailable with the information provided. 7. The firm's Total Variable Cost (TVC) associated with producing four units of output is: a. $2.80. b. $3.00. C. $0.70. d. $5.80. e. Unavailable with the information provided. 8. The firm's Average Variable Cost (AVC) associated with producing four units of output is: a. $2.80. b. $1.65. c. $0.70. d. $1.80. e. Unavailable with the information provided. 9. The firm's Marginal Cost (MC) associated with producing the third unit of output is: a. $4.50. b. $5.10. c. $0.70. d. $0.60. e. $5.80. 10. The short-run of production is a period of time during which (all/someo) inputs are variable and the long-run of production is a period of time during which (all/someo) inputs are variable. a. Some; no. b. All; no. C. No; Some. d. Some; all. e. No; all.1 1. Easy Company is producing 1,000 units of output (Q=1,000) with Total Fixed Costs of (TFC=) $8,000, Marginal Costs of (MC=) $12, and Total Costs of (TC=) $18,000. At this level of output, Easy Company has Average Variable Costs of production of (AVC=) a. $12. b. $6. C. $8. d. $10. e. Not available with the information provided. 12. The table below contains selected values for TFC, TVC, TC, AFC, AVC, and ATC. Use the information provided to calculate the missing values for TFC, TVC, TC, AFC, AVC, and ATC to complete the table. Total Total Average Average Average Fixed Variable Total Fixed Variable Total Output Cost Cost Cost Cost Cost Cost (Q=TP) TFC) (TVC) (TC) (AFC) (AVC) (ATC) (1) (2) (3) (4) (5) (6) (7) 80 N 260 210 A 30 105 550