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Economics

Q TFC TVC TC AVC MC

0 ____ ____ 10 ____ __0_

1 ____ ____ 16 ____ __6_

2 ____ ____ ____ ____ 4

3 ____ 12 ____ __4__ ____

1) What are total fixed costs?

2) What is the marginal cost of the first unit of output?

3) What is the total cost of 2 units of output?

4) What is the total variable cost of 2 units of output?

5) What is the marginal cost of the third unit of output?

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