Unit 9— Cost, Revenue, and ProfitThe table shows the quantity produced and the total, average,
variable, cost, and marginal costs for a firm. Complete the
table.QuantityTotal CostVariable CostFixed CostAverage Total CostAverage Variable CostAverage Fixed CostMarginal Cost00N/AN/AN/AN/A110050502953180130354502052251751025626121174983853359450106855185Graph the total cost, variable cost, and fixed cost curves.Assume the price is $50, draw the total revenue curve and
identify the profit maximizing output level and the maximum
profitGraph the average total cost, average variable, average fixed,
and marginal cost curvesAssume the price is...