Economics - Old Questions
Question Answer Details
9. Calculate TC, AFC, AVC, AC, and MC under the total fixed cost of 100, from the following cost schedule:
| Output | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| TVC | 0 | 10 | 18 | 24 | 32 | 50 | 80 | 124 | 180 | 260 |
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