11. A firm has fixed cost of $100 and average variable cost of $5 Q, where...
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11. A firm has fixed cost of $100 and average variable cost of $5 × Q, where Q is the number of units produced.
a. Construct a table showing total cost for Q from 0 to 10.
b. Graph the firm’s curves for marginal cost and average total cost.
c. How does marginal cost change with Q?
What does this suggest about the firm’s production process? p-9875
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