4. A producer in a perfectly completive market has a total cost function (TC) estimated to be, TC = 10 + 26Q +3.5Q2. The market price of the product is 61. Answer the following questions given the information provided above: a- What is the xed cost of business? b- What is the variable cost of business? c- Find the prot maximizing level of the output for the rm. d What is the total revenue of the firm? e What is the total profit of the firm? f Is the firm in its long-run equilibrium? Why? g- Suppose the market above is monopolized With a monopolist that produces the same g f At What price will the monopolist sell the product