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11. Easy Company is producing 1,000 units of output (Q-1,000) with Total Fixed Costs of (TFC=) $8,000, Marginal Costs of (MC-) $12, and Total Costs

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11. Easy Company is producing 1,000 units of output (Q-1,000) with Total Fixed Costs of (TFC=) $8,000, Marginal Costs of (MC-) $12, and Total Costs of (TO-) $18,000. At this level of output, Easy Company has Average Variable Costs of production of (AVC-) a $12. b. $6. d. $10. e. Not available with the information provided. 12. The table below contains selected values for TFC, TVC, TC, AFC, AVC, and ATC. Use the information provided to calculate the missing values for TFC, TVC, TC, AFC, AVC, and ATC to complete the table. Total Total Average Average Average Fixed Variable Total Fixed Variable Total Output Cost Cost Cost Cost Cost Cost (Q=TP) (TFC) (TVC) (TC) (AFC) (AVC) (ATC) (1) () (3) (4) (5) (6) 80 260 210 30 105 550

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