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6 Oct 2020
Use the following information to determine the total fixed costs (TFC), total variable costs (TVC), average fixed costs (AFC), average variable costs (AVC), average total cost (ATC), and marginal costs (MC).
Total Output
Costs (in $)
0
100
1
150
2
225
3
230
4
300
5
400
Use the following information to determine the total fixed costs (TFC), total variable costs (TVC), average fixed costs (AFC), average variable costs (AVC), average total cost (ATC), and marginal costs (MC).
| Total Output | Costs (in $) |
| 0 | 100 |
| 1 | 150 |
| 2 | 225 |
| 3 | 230 |
| 4 | 300 |
| 5 | 400 |
Sonia DhawanLv10
29 Oct 2020
