You can sell as much of a product you want at $82.Your Total Cost equation is:TC = 196 + 2Q + 4Q²

What are your fixed costs?

What is the profit-maximizing level of output?

How much profit is the firm making at the profit-maximizing level?

True or false: In this situation, the profit-maximizing level of output is also the level of output that minimizes average cost.

True or false: if the fixed costs increase by 10%, the optimal (profit-maximizing) level of output will decrease by 10%.