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9. The short-run cost function of a company is given by the equation TC = 200 + 55:3, where TC is the total cost and

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9. The short-run cost function of a company is given by the equation TC = 200 + 55:3, where TC is the total cost and q is the total quantity of output, both meas- ured in thousands. b. l'b What is the company's fixed cost? If the company produced 100,000 units of goods, what would be its average variable cost? c. What would be its marginal cost of production? :1. . Suppose the company borrows money and expands What would be its average fixed cost? its factory. Its fixed cost rises by $50,000, but its var- iable cost falls to $45,000 per 1000 units. The cost of interest {1'} also enters into the equation. Each l-point increase in the interest rate raises costs by $3000. Write the new cost equation

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