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2. You have collected the following data on output and total variable costs: Q TVC ($) 10 72,700 20 123,600 30 156,900 40 176,800 50

2. You have collected the following data on output and total variable costs:

Q TVC ($)

10 72,700

20 123,600

30 156,900

40 176,800

50 187,500

60 193,200

70 198,100

80 206,400

90 222,300

100 250,000

Current fixed costs for the company equal $186,500. Draw two graphs, both with Q on the horizontal axis: one graph shows TVC and TC, and the other shows AVC, AC, and MC.

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