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Economics

1. Distinguish between total and average fixed costs

2. Define and graph total variable cost, imaginary cost, and average variable cost

3. Calculate total cost and explain the relationship between average total cost and marginal cost

4. Discuss how revenue and cost affect the profit-maximizing levels of output in perfectly competitive firm.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229924

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