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How do you find AP, MP, TVC, TFC, TC, AVC, AFC, and ATC if the problem gives you a list of # of people doing the labor, quantity produced, fixed costs, and wage rate?

for example, wage rate is $100 a day, firm has $200 in fixed costs.
question 1, find the above (AP, MP, etc) if labor is 1 person and quantity is 25 produced?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9676168

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