Question: 11. Assume that the total cost function (TC) is given by the following equation: TC = 100+ 2.5y + 0.05 y2, where y is

11. Assume that the total cost function (TC) is given by the following equation: TC = 100+ 2.5y + 0.05 y2, where y is output. a. What is the total fixed cost (TFC)? b. What is the average total cost (ATC)? What is the average variable cost? C. d. What is the marginal cost?

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