2) Assume who have a total cost function described by TC = 8.5Q + 80000. Use the information below to calculate and answering the following questions: Market price for your good is 20.50$ i) What is the Variable Cost? The Fixed Cost? ii) The total quantity to produce so that Profit = 0$ ii) The total quantity to produce so that Profit = 35,000$ iv) What is the Profit (or loss) when the firm produces 10,000 units? For full grades include your calculation (algebraic steps) AND a labeled diagram evidenceing your solutions (graph)