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4. Fixed Cost at 100. Construct your own graphs similar to the ones from class to show 5. Whether or not reducing the quantity produced

4. Fixed Cost at 100. Construct your own graphs similar to the ones from class to show 5. Whether or not reducing the quantity produced will always reduce the total cost. 6. Whether or not reducing the quantity produced will always reduce the average total cost. 7. Whether or not reducing the quantity produced will always reduce the marginal cost. MC ATC 120 AVC 50 - - 20 100

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