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3. Consider now the data in the following table on possible daily output levels and their corresponding cost levels from a taco restaurant. The price

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3. Consider now the data in the following table on possible daily output levels and their corresponding cost levels from a taco restaurant. The price of a taco is p = $3.10/piece. All inputs and output markets are competitive. The daily rent of the restaurant, which includes all other non-labor inputs, is $100. Fill in the blanks in the total cost (C) and write in between rows (or in the lower row blanks) the marginal cost (MC) and marginal revenue (MR=p). Also, determine the optimal amount of tacos to produce. [3 points} Q (tacos) VC ($3) 0 ($) MC ($/taco) MR =p ($/taco) -- __- - -im- - 500 1,500

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