Ferdinand's faces a short-run total cost of production given by T C = 6Q3 20Q2 + 50Q + 2, 000 where Q is the number of cans of cheese produced per day. Ferdinand's marginal cost of production is M C = 18Q2 40Q + 50 . What is Ferdinand's' fixed cost level? What is Ferdinand's' short-run average variable cost of production? If Ferdinand's' sells each can of cheese for $35, how many cans of cheese do they produce? (Hint: Remember the relationship between MC and AVC ). How does Q change if the price of a can of cheese decreases to $30