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Economics

Problem

Q             TC
0             50
1             100
2           140
3             170
4             190
5             210
6             230
7             260
8             300
9             350
10           410

In a table format for the range of output (Q) provided determine: average total costs, average fixed costs, average variable costs and marginal costs. At a price of $35 how many units will be produced in the short run? At this price how many units will be produced in the long run?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92776891

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