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A company has the cost schedule below. They also have total Fixed Costs of $20 Quantity Total Fixed Cost Total Variable Cost Total Cost 0
A company has the cost schedule below. They also have total Fixed Costs of $20 Quantity Total Fixed Cost Total Variable Cost Total Cost 0 0 $5 2 $15 3 $30 4 $50 $75 $105 $140 8 $180 1. Fill in the missing numbers on the table. 2. On one graph, graph the Total Fixed Cost and the Total Cost. Quantity should be on the x-axis and Costs should be on the y-axis. The graph will have two lines. 3. Assume the company is currently producing 6 units and selling them for $25 each. Is the company earning an economic profit? Explain in detail using the data to support your conclusion
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