The table below shows the short run cost for producing bicycles. Complete all missing values in table below: Total Average Average Average Marginal fixed variable Labor Output Fixed Variable cost cost...

Extracted text: The table below shows the short run cost for producing bicycles. Complete all missing values in table below: Total Average Average Average Marginal fixed variable Labor Output Fixed Variable cost cost cost total cost cost cost cost $60 1 1 $60 70$ 6 $60 $140 3. 11 $60 $210 4 15 $60 280$ 5 13 $60 $350 12 $60 $420 1. Draw the short run total cost curve (show the total cost, fixed cost, variable cost). 2. Where the marginal cost and average total cost intercept? Explain the relationship between the marginal cost and the average total cost with the help of graph. 2.