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11. Assume the following cost data are for a purely competitive producer: Total Output AFC AVC ATC MC 0 -- -- -- 1 $60
11. Assume the following cost data are for a purely competitive producer: Total Output AFC AVC ATC MC 0 -- -- -- 1 $60 $45 $105 $45 2 30 42.5 72.5 40 3 20 40 60 35 4 15 37.5 52.5 30 5 12 37 49 35 6 10 37.5 47.5 40 L 7 8.57 38.57 47.14 45 8 7.5 40.63 48.13 55 9 6.67 43.33 50 65 10 6 46.5 52.5 75
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
