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The cost function for KLM Company is given by C(Q) = 100 + 10Q + Q 2 , where costs are measured in thousands of

The cost function for KLM Company is given by C(Q) = 100 + 10Q + Q2, where costs are measured in thousands of dollars, and output is measured in thousands of hours rented.

  1. What is the average fixed cost of producing 4 units of output
  2. What is the average variable cost of producing 4 units of output
  3. What is the average total cost of producing 4 units of output
  4. What is the marginal cost of producing 4 units of output
  5. What is the relationship between the answers to a, b, and c above

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