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The total costs for Morris Industries are summarized in the following table. Based on this information, fill in the missing entries in the table for fixed cost, variable cost, average fixed cost, average variable cost, average total cost, and marginal cost.
Q FC VC TC AFC AVC ATC MC
0 2,000
10 4,000
20 5,000
30 8,000
40 12,000
50 20,000
60 30,000

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9482139

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