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Calculation of FC, ATC, AFC, AVC also MC.

A industry has the following cost data:

Output

Total Cost

Variable cost

100

$7,000

$3,000

101

$7,400

$3,400

102

$7,900

$3,900

Illustrate what are the FC, ATC, AFC, AVC also MC at these output levels? 

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916569

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