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28 sorry its economics Long Answer quest 4a: You are the manager of the Thingamajlg Manufacturing Company, a firm in perfect competition. Your cost accountant
28
sorry its economics
Long Answer quest 4a: You are the manager of the Thingamajlg Manufacturing Company, a firm in perfect competition. Your cost accountant brings you the following data: total product (0) fixed variable cost COST (FC (VC) S12 SO total cost CTC) S12 average variable cost (AVC) average total cost (ATC) marginal cost (MC) 0 1 S12 S8 $20 2 $12 $12 $24 3 S12 S21 $33 1. ATC-S a. At one unit of production AVC-$ and MC-$ ATC-$ b. At two units of production ACV-$ and MC-$ ATC-$ c. At three units of production ACV-$ and MC-$ Step by Step Solution
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