TASK 2 You are given the short-run total cost function of a computer manufacturing firm TC = 10 + 5Q - Q2 + 0.2Q3 where, TC is total cost in $, and Q is quantity of computers produced per week a) What are the TFC and TVC functions? b) Derive expressions for the AFC, AVC, ATC and MC functions. Then, roughly show these cost functions on a diagram c) Find the Q and AVC where MC = minimum AVC d) Explain why the MC cuts the AVC and ATC at their minimum