5 6 7. Suppose that when producing 10 units of a product, a firm's AVC is $20, its AFC is $10 and MC is $30 what is the firm's TC = (total cost) = $ 8. Suppose when Total Product = 0, Total Cost = $550, and when Total Product = 1000, Total Cost = $850, what is the AFC $ and the AVC $ when TP = 1000 9. If TP = (total output) is 1000 units, the AVC is $5.00 and AFC is $1.00 what is the TC = $ 10a. What is Fiscal Policy? and 10b.What are the two main tools of Fiscal Policy? 1la. What is Monetary Policy? and 11b. What are the three main tools of Monetary