1. The firm's fixed costs are $2,000, and the firm's total costs of producing 100 units is $4,000. a. What are the variable costs of producing 100 units? (1) b. Write out the total cost equation assuming variable costs are linear. That may sound hard, but it is just the equation for total costs as a function of output. (1) What is the marginal cost of the 50th unit of output? (1) d. What is the average total cost of the 50th unit of output? (1)

Q: Assume that in the short run a firm is producing 100 units of output, has average total costs of…

A: Total cost = total fixed cost + total variable cost Now  ATC = $200, output = 100 ATC = TC /output…

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A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any…

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A: Fixed Cost: The cost which does not depend on the level of output or activity. Variable Cost: The…

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A: Marginal Cost (MC): - it is the additional cost incurred due to the production of an additional…

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A: Solving with the help of formula

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A: Here, a firm's short-run cost function is given as: C(q)=10q-12q2+0.5q3+400

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A: We are going to find the cost function and profit function to answer this question,

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A: Q = 5L1/2 L1/2 = Q/5 Squaring, L = Q2 / 25 TC = wL + rK TC = 25 x (Q2 / 25) + 20 x 5 TC = Q2 + 100

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A: As we answer only 3 subparts and the question has more than 3 subparts, so we would be answering the…