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In the above figure, the Average Total Cost of producing 5 units of output is $ .
Suppose a firm is producing 80 units of output, incurring a total cost of It can be concluded that average fixed cost is
If an increase in output from 8 to 12 teapots increases total cost from $1,100 to $1,200, the marginal cost of one of those 4 teapots is $ .
If the total product of three workers is 337 units and the total product of four workers is 353 units, then the marginal product of the fourth worker is
A firm's total fixed cost is $190 . If total cost is for two units, what is the marginal cost of the second unit?
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