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Brian and Kim own a business employing 8 workers to produce commemorative t-shirts for campus organizations and events. They are currently producing 2000 shirts per month with average total cost of $8.00, average fixed cost of $2.00, and marginal cost of $10.00. Calculate the following for Brian and Kim's firm:

a) average variable cost

b) total fixed cost

c) total cost

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9449471

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