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8. Suppose that the total fixed cost for a guitar manufacturer is $90. The marginal cost of the first guitar produced is $80 and decreases
8. Suppose that the total fixed cost for a guitar manufacturer is $90. The marginal cost of the first guitar produced is $80 and decreases by $10 for the next three guitars produced. Thereafter, the marginal cost increases by $10 for each successive guitar. After forming a table with the MC, AVC and ATC, what is the manufacturer's break-even price?
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