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At its current short-run level of production, a firm's average variable costs equal $20, and its average fixed costs equal $70. Its total costs at its current production level equal $200,000.

a. What is the firm's current output level? :

b. What are its total variable costs at this level? :

c. What are its total fixed costs?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9475999

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