please answer and discuss only one question in which you feel most comfortable

Please answer any one of the following discussion questions and reply to one of your peer's responses before the deadline. Question 1: Costs You are given the following cost function: Cost =0.2q -6g7+80g+100 1) What is the AVC (average variable cost) when output = 12? 2) What is the MC (marginal cost) when output = 127 3) At what output level(s) the AVC equals MC? 4) At what output level(s) was the AVC minimized? Based on the question (3), what do you find? Explain your answer intuitively. Question 2: Competitive Firms and Markets n a competitive market, each firm has a cost function of: Cost = 49+q"where q is the output level of a firm; The consumers' demand is: Demand = 56 - p where p is the price n the long-run equilibrium, what is the equilibrium price, market total supply quantity, and the total number of firms? State your assumption(s) on the market conditions