(Q2 - 20pts) Suppose a firm's total cost curve is given TC = Q2 + 10 . Q + 100, where Q is output. Assume Q 2 0. (A - 2pts) What is the fixed cost (FC)? FC = 100 (B - 2pts) What is the variable cost (VC)? VC = Q" + 20. Q (C -2pts) What is the average fixed cost (AFC)? AFC = = = AFC= 100 Q Q (D - 2pts) What is the average variable cost (AVC)? AVC = VC = Q + 10Q - AVC = Q+ 10 Q Q (E - 2pts) What is the average total cost (ATC)? ATC = TC Q2 + 10Q+ 100 = ATC = Q + 10 + 160 Q Q Q (F - 6pts) What is the output level that minimizes ATC? = 2Q +20/ going grisel MC = ATC 2Q +20 = Q+15+ 100 "O diw jugtoo . amt sar. Q Q = 100 Q = 100 alllang of garbnog stop Q = 10 (G - 4pts) What is the output level that minimizes AVC? MC = AVC 2Q+ 20 = Q+10 2 Q = 4 bas orno logy