This equation and its respective parts involve cost. It’s somewhat easy to figure out the answer, but my notes do not go into detail or specifics so I don’t understand what’s going on.Suppose you are...

This equation and its respective parts involve cost. It’s somewhat easy to figure out the answer, but my notes do not go into detail or specifics so I don’t understand what’s going on.Suppose you are given the equation:TC = 500 + 35Qa. What are the fixed costs? What are the variable costs? What is marginal cost?b. Derive relationships for AFC, AVC, and ATC.c. What is average total cost when output is 50?d. Accurately graph on graph paper: MC, AFC, AVC, and ATC.