For the following problem, assume the following:

TR = 340q - 50q²

TC = 100q + 10q² + 25

- What are this firm's the fixed costs? FC = Blank 1. Fill in the blank, read surrounding text. - What are the variable costs? VC = Blank 2. Fill in the blank, read surrounding text. - What is the MC? MC = Blank 3. Fill in the blank, read surrounding text. - What is MR? MR = Blank 4. Fill in the blank, read surrounding text. - At what quantity is the profit maximized? q = Blank 5. Fill in the blank, read surrounding text. - What is the maximum profit? Max profit = Blank 6. Fill in the blank, read surrounding text. - What would the profit be at q = 1? Profit (q=1) = Blank 7. Fill in the blank, read surrounding text. - What would the profit be at q = 3? Profit (q=3) = Blank 8. Fill in the blank, read surrounding text. - If this firm were operated at the minimum AC, the profit would be < 300. (True or False) Blank 9. Fill in the blank, read surrounding text. - If this firm were operated at the maximum TR, the profit would be > 300. (True or False) Blank 10. Fill in the blank, read surrounding text. - If this firm were operated at the minimum MC, the profit would be > 300. (True or False) Blank 11. Fill in the blank, read surrounding text.