Consider a computer hardware production firm with total cost function TC = 2200+480Q+20Q², and market demand function Qd= 190- 2P; Q is output and Pis market price. (a) Determine the firm's Total Cost...

Extracted text: Consider a computer hardware production firm with total cost function TC = 2200+480Q+20Q², and market demand function Qd= 190- 2P; Q is output and Pis market price. (a) Determine the firm's Total Cost when it produces 120 units of output. (b) Determine the firm's Marginal Cost when it produces 120 units of output. (c) Determine the firm's Average Cost when it produces 120 units of output. (d) Find the market price of the firm's output when it sells 120 units of output. (e) Determine whether the firm makes profit, or loss, at 120 units of output.