Question: Question #6: Suppose the firm's cost function is given by C(Q) = 100+ Q + 2Q+ 3Q a. What are the firm's fixed costs?

Question #6: Suppose the firm's cost function is given by C(Q) =

Question #6: Suppose the firm's cost function is given by C(Q) = 100+ Q + 2Q+ 3Q a. What are the firm's fixed costs? b. What is the firm's variable cost of producing 2 units of output? c. What is the firm's total cost of producing 2 units of output? d. Calculate the marginal cost of producing 2 units of output. e. Calculate the average variable cost of producing 2 units of output. f. Calculate the average fixed cost of producing 2 units of output. g. Calculate the average total cost of producing 2 units of output.

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