|Question||Consider the cost function c(y) = 4y2 + 16.
(a) The average cost function is ______________.
(b) The marginal cost function is ______________.
(c) The level of output that yields the minimum average cost of production is _______.
(d) The average variable cost function is ___________.
(e) At what level of output does average variable cost equal marginal cost? _________.