Question: Question below: 4. Suppose a short-run total cost function is given by C = 800 + 100Q02 + Q2. (a) Find out the fixed cost,

Question below:

4. Suppose a short-run total cost function is given by C = 800 + 100Q02 + Q2. (a) Find out the fixed cost, variable cost, marginal cost, average variable cost and average total cost. (b) Plot them in a diagram and interpret the relationship between average and marginal cost

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