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)

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A:

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A:

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A: Let’s assume the following in order to derive the cost minimization conditions.

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A:

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A: Actually in the given question, Fixed cost is = $13 Variable cost is given as = $16 Total cost = ?