Suppose a firm's cost function is C(q)= 4q² + 16, where C(q) is the total cost, and q is the level of output. (a) Find variable cost, fixed cost, average cost, average variable cost, and average fixed cost. (b) Show the average cost, marginal cost, and average variable cost curves on a graph. (c) Find the output that minimises average cost. (d) At what range of prices will the firm earn a negative profit? (e) At what range of prices will the firm earn a positive profit?

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

BVM manufactured and sold 25,000 small statues this past year. At that volume, the firm was exactly in a breakeven situation in terms of profitability. BVM’s unit costs are expected to increase by 30% next year. What additional information is needed to determine how much the production volume/sales would have to increase next year to just break even in terms of profitability?                                                                          (a) Costs per unit (b) Sales price per unit and costs per unit (c) Total fixed costs, sales price per unit, and costs per unit (d) No data is needed, the volume increase is 25, 000 + 25, 000(0.30) = 32, 500 units.

tc(q)=4800+5q** find the ATC ATC=TC/q