An accountant for a car rental company was recently asked to report the firm's costs of producing various levels of output.The accountant knows that the most recent estimate available of the firm's cost function isC(Q)= 100 + 2Q+ 3Q2where costs are measured in thousands of dollars and output is measured in thousands of hours rented.

a.What is the firm's fixed cost?

b.What is the firm's variable cost of producing 2 units of output?

c.What is the firm's total cost of producing 2 units of output?

d.Calculate the marginal cost of producing 2 units of output.

e.Calculate the average variable cost of producing 2 units of output.

f.Calculate the average fixed cost of producing 2 units of output.

g.Calculate the average total cost of producing 2 units of output.

h.Does the minimum point of ATC curve occur at an output greater or less than 2 units? Explain.