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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
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