Question 2 The information about the costs of a firm is given below. Table 2 Output Average fixed cost, Average variable cost, (RM) (RM) 100.00 100.00 50.00 80.00 33.33 66.67 25.00 65.00 20.00 68.00 16.67 73.33 14.29 80.00 a) What is the firm's fixed cost? (1 Mark) b) If the firm produces 6 units, what is the average total cost? (2 Marks) c) If the firm decides to increase its output from 6 to 7 units, by how much will its total cost increase? (4 Marks) d) Differentiate between short run cost and long run cost? (3 Marks) (Total: 10 Marks)