Let F be the fixed cоst оf prоduction, VC be the vаriаble cost of production, C be the totаl cost of production, MC be the marginal cost, AFC the average fixed cost, AVC the average variable cost, and AC the average total cost. (a) Use the information in the table below to complete all missing entries, rounding your numeric responses to two decimal places. (10pts) Now, assume a firm’s total cost function is given by: C(q) = TC(q) = 60 + 3q² where q represents the quantity of output. (b) Identify the firm’s fixed cost (FC) and variable cost (VC). Explain the reason for your answer. (5 pts) (c) Derive the firm’s average fixed cost (AFC) and average variable cost (AVC) as functions of q. (5pts) (d) Find the firm’s marginal cost (MC). (3pts)