Questions: G,H,I #1 In the wake of the pandemic, chefs creatively used their talents and many designed high-end dinner kits for delivery through sites like Goldbelly, in lieu of unavailable traditional dine-in services. You are given the following cost function for a chef considering producing different numbers of high-end meal boxes. Quantity (Q) in the cost equation is the quantity of high-end meal boxes created. *Please note in this problem, you will see much smaller numbers in answers simply to save us all from carrying 27 zeros, for instance.* ☺Here is the cost function: \( C(Q) = 1000 + 100Q - 10Q^2 + \dfrac{1}{2}Q^3 \)a. Write down an equation representing the fixed costs of producing high-end meal boxes.b. What is an example of a fixed cost of producing high-end meal boxes?c. Write down an equation representing the average fixed costs of producing high-end meal boxes.d. Write down an equation representing the variable costs of producing high-end meal boxes.e. Write down an equation representing the marginal costs of producing high-end meal boxes.f. If the firm is producing five high-end meal boxes what are the total variable costs?g. What is the marginal cost of producing the 10th high-end meal box?h. Find the quantity of output that minimizes the average variable costs of producing high-end meal boxes. What is this quantity and what are average variable costs at this level of output? Remember, output can’t be negative! Feel free to draw a graph here if it helps you think through the logic.i. Compare the average variable costs at the level of output you found in part h and your answer to part g. Explain the relationship between these answers using your knowledge of economic theory in no more than two sentences.

g) Cost function is given as MC at the 10th high-end meal box will be

g. What is the marginal cost of producing the 10th high-end meal box? h. Find the quantity of output that minimizes the average variable costs of producing high-end meal boxes. What is this quantity and what are average variable costs at this level of output? Remember, output can't be negative! Feel free to draw a graph here if it helps you think through the logic. i. Compare the average variable costs at the level of output you found in part h and your answer to part g. Explain the relationship between these answers using your knowledge of economic theory in no more than two sentences.