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Assume that the TC function for a company is as follows: TC = 550 + 4Q + 3Q 2 . (a)What is the average total

Assume that the TC function for a company is as follows: TC = 550 + 4Q + 3Q².

(a)What is the average total cost function for this firm?Provide your answer as a function.

(b)What is the average fixed cost of producing 5 units of output?Provide your answer in dollars.

(c)What is the average variable cost of producing 5 units of output?Provide your answer in dollars.

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