economics Wayne's Wiener Wagon Assignment1. Complete the following table for Wayne's Wiener Wagon.Weenies0102030405060708090TC102040.70104090220 -14.0160250360290 -200 490370 -270 640460 -350 810TFC TVC MCO10XX110160100-20-50-901 217ATCXX20-0.662.75 -1.25-1.83.263.66 -2.3374.14 -2.8684.63 -3.38-3.889 5.11232.3345AFCXXAVCXX25O2346ㅋ89profit601201701302902602702703702. The weenie industry is ruthlessly competitive. If the market price for dogs is $8, howmany will Wayne produce?3. Illustrate the firm and market S and D curves. Be sure to identify each graph completely.4. Wayne decides to increase his profits by unilaterally raising the price of his dogs to $9each. What will be his new level of profit?ases>

Total Cost is the sum of both the fixed and variable costs .Fixed cost is independent of the…

Wayne's Wiener Wagon Assignment 1. Complete the following table for Wayne's Wiener Wagon. Weenies 0 10 20 30 40 50 60 70 80 90 TC 10 20 40 70 110 160 TFC TVC MC O XX 220 290 370 10 10 0 -20 -50 -90 -140 -200 490 -270 640 460 -350 810 10 40 90 160 250 360 1 23456 ATC XX 2 2 3 2.33 AFC XX 3.2 2.75 -1.25 -1.8 63.66 -2.33 74.14 -2.86 8 4.63 -3.38 9 5.11 -3.88 AVC XX 0 0 2 -0.66 3 5 9 7 8 9 profit 60 120 170 130 290 260 270 270 370 2. The weenie industry is ruthlessly competitive. If the market price for dogs is $8, how many will Wayne produce?