A competitive firm has the following short run cost function TC= q° - 6q? + 30q + 80. What is the value of the firm's average fixed cost (AFC)of producing 10 units of output? Choose... + What is the value of the firm's average variable cost (AVC)of producing 10 units of output? Choose... What is the value of the firm's average total cost (ATC)of producing 10 units of output? Choose... What is the value of the firm's marginal cost (MC)of producing 10 units of output? Choose...

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A: short-run cost function  and the long-run cost function given below.

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.