Please solve all these questions. No cursive. Please solve as soon as possible.

Part III: answer the Cost Production problem (30 Points): TC= 20 + 40-.1Q2 1. What is the fixed cost in the equation? 2. What is the variable cost of the equation? 3. Please fill in the table of costs. Output | Fixed Variable | Total Average |Average Average |Margina Cost Cost Cost Fixed Variable Total 1 Cost Cost Cost Cost 6 10 ***Bonus Question*** Bonus Points: (5 points) 4. The market demand curve for a perfectly competitive industry is Qd = 12 - 2P. The market supply curve is Qs = 3 + P. The market will be in equilibrium Qd=Qs a. Solve for P and Q? b. If total cost is $10, what is the Profit