1. Determine the profit maximization quantity, FC, ATC and AVC of the firm! The questions is on the picture. Please support it with formula, thanks.

(25 pts.) (LO 02) The market for PRODUCT Y is perfectly competitive. The current equilibrium price in the market is X, where X is the number corresponding to the first letter of your first name multiplied by 100 (i.e. A=100, B=200, C=300, etc.) FIRM A is one producer among many of PRODUCT Y. The cost structure of FIRM A is as follows: Total costs: TC = 200,000 + 2*q2 Marginal costs: MC = 4*q a. In order to maximize profits, what quantity of PRODUCT Y should FIRM A produce? b. What are FIRM A's Fixed Costs at this quantity? c. What are FIRM A's Average Total Costs and Average Variable Costs at this quantity