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In the above figure, the Average Total Cost of producing 13 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 the total product of three workers is 316 units and the total product of four workers is 331 units, then the marginal product of the fourth worker is
If an increase in output from 16 to 20 teapots increases total cost from $1,200 to $1,500, the marginal cost of one of those 4 teapots 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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The marginal cost of producing the 19th pair of boots is $17.
The average total cost of 19 pairs of boots is $ .Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!