Assume the short run variable cost function for Japanese beer is

VCequals$=0\mathrm{.}80\mathrm{.}8$q Superscript $0\mathrm{.}8$q$0\mathrm{.}8.$

If the fixed cost$($F$)$ is

$$$$15001500$

and the firm produces

$700700$

$$units$,$ determine the total cost of production$($C$),$ the variable cost of production$($VC$),$ the marginal cost of production$($MC$),$ the average fixed cost of production$($AFC$),$ and the average variable cost of production$($AVC$).$ What happens to these costs if the firm increases its output to

$800800?$

Part $2$

Assuming the firm produces

$700700$

$$units$,$ the variable cost of production$($VC$)$ is

VCequals$=151\mathrm{.}07151\mathrm{.}07.$

$($Enter your response rounded to two decimal$$ places.$)$

Part $3$

The total cost of production$($C$)$ is

Cequals$=$$$1651\mathrm{.}071651\mathrm{.}07.$

$($Enter your response rounded to two decimal$$ places.$)$

Part $4$

The marginal cost of production$($MC$)$ is

MCequals$=$$$2\mathrm{.}352\mathrm{.}35.$

$($Enter your response rounded to two decimal$$ places.$)$