Question: A firm's short-run total cost is given by the function TC = 4000 + 5q + 10q2. The firm is currently producing 10 units of

A firm's short-run total cost is given by the function TC

A firm's short-run total cost is given by the function TC = 4000 + 5q + 10q2. The firm is currently producing 10 units of output (q). Given this information, which of the following statements is correct? a) The firm's fixed cost is 400. b) The firm's average fixed cost is 400. c) The firm's variable cost is 5,050. d) The firm's average variable cost is 505. e) The firm's marginal cost is zero

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