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In a Price Taker market, with a total fixed cost =$200 Also given Output per month (3) tons, Total Cost = 1550, Price per ton = 500,. How would I calculate (and what formula would I use for each), Marginal Cost (MC), Average Variable Cost (AVC), Average Fixed Cost (AFC), and Average Total Cost (ATC), and Profit.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91572489

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