\fProblem 05-04 (algo) An economist estimated that the cost function of a single-product firm Is: C(Q) = 50 + 20Q+2502+503. Based on this Information, determine the following: a. The fixed cost of producing 10 units of output. b. The variable cost of producing 10 units of output. c. The total cost of producing 10 units of output. S d. The average fixed cost of producing 10 units of output. e. The average variable cost of producing 10 units of output. f. The average total cost of producing 10 units of output. g. The marginal cost when Q = 10.Problem 05-09 (algo) A firm produces output according to a production function: Q = AK,L) = min (4K,84]. a. How much output is produced when K = 2 and _ = 3? unit(s) b. If the wage rate Is $60 per hour and the rental rate on capital Is $20 per hour, what is the cost-minimizing Input mix for producing 8 units of output? Capital: Labor